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Statement from House Budget Chairman Rick...
Statement from House Budget Chairman Rick Stream Regarding Governor Nixon’s FY 2015 Budget Proposal
January 21, 2014
JEFFERSON CITY, Mo. – House Budget Chairman Rick Stream, R-Kirkwood, issued the following statement in response to the Fiscal Year 2015 budget outlined by the governor during his annual State of the State address:
“In the six years that Governor Nixon has presented a budget to the legislature he has made a habit out of over-promising and under-delivering.
Every single year this governor has made budget withholds despite promising higher levels of funding to every interest group during his State of the State address.
This year is different only because it is the most egregious.
You just listened to the governor promise hundreds of millions of dollars to at least half a dozen different state programs, the money for which, House and Senate economists have agreed that we do not have.
Governor Nixon has proposed the largest budget in state history by hundreds of millions of dollars, while continuing to withhold $134 million in the current fiscal year.
The governor started this budget process by throwing economic predictions to the wind and opting to write a budget based on his own optimistic and unrealistic growth predictions. For the state to receive enough revenue to fund the governor’s budget we would need more than 6 percent growth in the next fiscal year. Year-to-date, we have seen 1.32 percent growth.
While House Republicans strongly believe that we should invest in education, core infrastructure and those in the most need, we will continue to do those things in a responsible fashion that protects taxpayer dollars and safeguards the State’s AAA credit rating.”
Stream emphasized that the House will budget based on the revenue projection that the House and Senate agreed upon in December. The projection includes a 2 percent revised CRE for FY14 and a 4.2 percent CRE for FY2015.
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