Wednesday, May 22, 2013

The latest local news, weather and high school sports in and around Columbia and Jefferson City

State won't go broke without federal money
Posted: 07.30.2011 at 8:12 PM
Newsdesk KRCG
3
Photo

(AP) -- Missouri officials say there should not be immediate problems if debate about raising the federal borrowing limit causes a temporary halt to some federal payments to the state.

State Budget Director Linda Luebbering says Missouri would have some cushion though it is unclear for how long. Luebbering says many state programs likely would not be affected.

However, she says there is the potential for some later problems because the state cannot fill in for the federal funds over the long term.

Missouri's budget for the 2012 fiscal year that started this month is about $23 billion. It includes around $7 billion in federal money.

Congress is debating proposals to raise the federal borrowing limit before a Tuesday deadline.

(Copyright ©2011 by The Associated Press. All Rights Reserved.)

Popular Stories
Thumbnail
'Witness issue' leads to dropped murder charge
Yesterday at 5:29 PM  |  8 comments
Thumbnail
Shooting in Cole County under investigation
Meghan Lane  |  Today at 9:01 AM  |  5 comments
Follow Connect Mid-Missouri
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Relay For Life of Cole County
Friday, June 7, at 6 p.m. at the Jefferson City Jaycees Fairgrounds
Community Connection
Participate in great causes in the community!
ADVERTISEMENT