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Missouri governor cuts $450M from new budget

(KY3)
Published: Jun. 30, 2020 at 5:53 PM CDT
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Missouri Gov. Mike Parson is cutting hundreds of millions of dollars from the state budget.

Parson on Tuesday signed the upcoming fiscal year's budget while cutting close to $450 million in planned spending. Parson says the cuts are necessary to keep the budget balanced after revenues tanked because of the coronavirus pandemic.

Revenues are down 7.4% this fiscal year compared to last year. Parson could undo the $450 million in cuts if revenues increase unexpectedly in the coming months.

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