Missouri tapping stimulus money to pay tax refunds
Thursday, May 21, 2009 | 2:47 p.m. CDT;
updated 4:50 p.m. CDT, Thursday, May 21, 2009
JEFFERSON CITY — Missouri is using $250 million of federal economic stimulus money to pay state income tax refunds.
Jay Nixon's administration said Thursday that it has transferred
stimulus money into the state's general revenue fund to accelerate
payment of tax refunds. It said the $250 million should clear up
virtually the entire backlog of refunds for the 2008 tax year.
month, the state acknowledged it was delaying tax refunds for so that
it could meet other cash flow demands such as paying employees, public
schools and medical providers.
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