Higher revenues lead Missouri governor to release funds - KMOV.com

Higher revenues lead Missouri governor to release funds

Posted: Updated:

JEFFERSON CITY, Mo. (AP) - State building repairs, technology startups, local libraries and university programs are among the programs that will share $43 million in funding released by Missouri's governor.

Democratic Gov. Jay Nixon said Friday that he plans to release $43 million of funds immediately after the state took in higher general revenues in March.

General revenues increased from March 2014 by 25 percent, bringing the year-to-date increase to 6.8 percent.

Budget director Linda Luebbering says part of the difference is due to a lawsuit settlement and other one-time changes but mainly it was a good month for economic growth.

The money includes $7 million for the Missouri Technology Corporation, a public-private partnership to promote technology start-ups.

And about $5.8 million will go to public libraries across the state.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly