Missouri’s Fiscal Year 2013 Operating Budget

Where the Money Comes From:

General Revenue – $8,013,807,330 (The main sources of General Revenue are: Individual income tax; sales and use tax, corporate income and franchise tax; insurance premium tax; and liquor and Beer Tax.

Federal Funds – $7,905,247,402

Other Funds – $8,112,360,994 (Other Funds are resources dedicated to specific purposes. Examples include: Highway and Road Funds; Proposition C & Cigarette Tax; Lottery and Gaming Proceeds; and Conservation, Parks, soil and Water Funds.

Total Available after Refunds – $24,031,415,726

Where It Goes (Out of each dollar)

  • Social Services: 34.3 cents
  • Education – 27.3 cents
  • Transportation – 8.9 cents
  • Mental Health – 5.8 cents
  • Corrections and Public Safety – 5.1 cents
  • Office of Administration and Employee Benefits – 4.5 cents
  • Health and Senior Services – 4.3 cents
  • Agriculture, Natural Resources and Conservation – 3.2 cents
  • Revenue – 1.9 cents
  • Elected Officials, Judiciary, Legislature and Public Defender – 1.6 cents
  • Economic Development – 1.5 cents
  • State-wide leasing – 0.6 cents
  • Labor and Industrial Relations – 0.6 cents
  • Public Debt – 0.2 cents
  • Insurance, Financial Institutions and Professional Registration – 0.2 cents

(The Above data was from Missouri Rep. Jay Swearingen’s 2012 end of session report)

For more information, please see “How Much Money does Missouri Need to pay all it’s obligations?” According to Missouri Watchdog, 2010: “Each taxpayer across Missouri would need to shell out $5,000, compiling a total of $9.1 billion, to help the state pay all of its obligations, according to research by the Institute for Truth in Accounting.”

 

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