Gov. Mike Parson signs a smaller 2021 state budget after coronavirus concerns limit revenues. The budget totals about $35.3 billion.
Parson said Tuesday revenues dipped about seven percent in 2020, leaving the state $1 billion short of its January projection.
“We had to restrict over $430 million in 2020 spending to balance the budget, and we will continue to face budget shortfalls in fiscal year 2021,” said Parson.
Parson is restricting another $448 million in spending for the 2021 budget. A large portion of that is coming out of state education budgets. He also line-item vetoed 17 different items on the budget, totaling another $11 million.
(This story was last updated at 5:53 a.m. Wednesday.)