JEFFERSON CITY — Missouri budget officials are expecting state revenue to fall 6.4 percent for the current budget year.
Officials have projected that the state will collect nearly a half-billion dollars less in general tax revenue in 2010 budget year than it did in 2009. The 2010 budget started last July.
Gov. Jay Nixon's budget office and the Republican chairmen of the House and Senate budget committees released joint budget estimates Monday.
Budget officials are anticipating revenue to rebound slightly during the 2011 budget year, which starts July 1. Revenue is expected to climb by about 3.6 percent, but that would still be roughly $780 million less than what was collected in 2008.