Just another nail in America’s financial meltdown coffin, along with the debt ceiling, unemployment reported at 9.2 percent, the cost of fuel , and NBA and NFL lockouts.
Locally, the question is, “Can this happen in Missouri?” The short answer is “Yes.”
Missouri tackles the budget as one of its final acts each session, after voting on bills that have a fiscal impact, after bills funding public education and public safety and other required financial funding.
Usually budgets are presented by the Missouri General Assembly and by the governor. Neither may be a result of or reflect the bills being herded toward the governor’s desk for a signature. In some cases, the promised monies for a passed bill may not materialize.
Read more in the Columbia Missourian.