The board also approved a transition assistance program for employees who lose their jobs as a result of budget cuts.
More jobs may be on the line. "Like every other business, we are targeting some positions for potential elimination based on what's happening (with the economy)," Associate Publisher Vicki Russell said.
The Columbia Missourian's managing editor, Jeanne Abbott, talks to KBIA's Janet Saidi about how Columbia is fairing compared to national economic trends.
With the economy getting worse, many people find themselves facing a mountain of medical debt. With employers cutting benefits, bills for the uninsured continue to grow.
The measure includes funding for alternative transportation and would help create the "green jobs" that President Barack Obama has promoted.
This week, we ask you to weigh in on the economy, unemployment, Jay Nixon's firings of 150 state workers, reorganizing the higher education system in Missouri, and the search for Columbia's next police chief.
Central Missouri Subcontracting Enterprises, which employs more than 100 adults with disabilities, is facing a shortage of work to keep its employees busy and could be on the list for funding cuts this year.
In a country known for lavish weddings, some couples are making tough decisions to avoid high costs in a weakened economy.
While first-time applications for jobless benefits dropped last week, economists mostly attributed that to the Christmas holiday and cautioned that a more accurate picture of new layoff filings won’t become clear until the holiday season is passed — around mid-January.
The Humane Society of Missouri says 5 percent to 8 percent more animals were given away this year because families can no longer afford to care for them, or have been forced to relocate to a place where pets are not allowed.
Cuts in state funding for universities and colleges could result in major tuition increases, the possible closing of one university and a negative impact on the state's economy, according to a report from the Missouri Department of Education.
Consumer protection officials anticipate a greater number of complaints with customers watching every dollar.
Casinos are also experiencing declining business, likely due to overall reduced entertainment spending as people deal with current economic uncertainties.
The nationwide decrease in the value of recyclable goods has caused private buyers of the city’s recyclables to either make bids below the city’s cost of processing or not bid at all. As a result, processed and baled recyclables have piled up at the city’s landfill.
As the global economy has declined, so has the recycling market. As consumer demand for automobiles, appliances and new homes dropped, so did the steel and pulp mills' demand for scrap, paper and other recyclables.
Recent economic struggles have been a valuable learning tool inside classrooms of Columbia universities.
With the recession and the collapse of the housing market, more and more couples who have broken up are continuing to live under the same roof, according to judges and divorce lawyers.
The recent downturn in the economy has affected more institutions than just financial ones.
The economic recession in Mid-America will rival the 1981-82 recession for unemployment, according to professor Ernie Goss of Creighton University. The primary index from his Mid-America Economic Survey, which includes Missouri, has plunged to its second record low in as many months. The November index hit 37.8 in November, down 2.1 percentage points from October.
Robert Wolverton, president of R. Anthony Development Group, expressed confidence on Columbia's housing market and calls for more jobs and better use of MU resources at the fifth annual Economic Outlook Conference.