*Missouri Governor Michael L. Parson*

Office of Communications

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*FOR IMMEDIATE RELEASE*

June 30, 2020

*Governor Parson Signs FY 2021 Budget Bills*

*(JEFFERSON CITY, MO) *Today, Governor Mike Parson signed the FY21 budget bills passed by the General Assembly.

The total state budget is approximately$35.3 billion, including $10 billionin general revenue.

Every year, the General Assembly is committed to protecting Missouri taxpayers' hard earned money with a fiscally responsible budget, *Governor Parson* said. Although this legislative session looked very different due to COVID-19, we appreciate the General Assembly for pushing through these difficult circumstances and creating the Fiscal Year 2021 budget.

Since taking office, Missouris economy and financial health have been of utmost importance to Governor Parson. Last year, the state budget left $100 million on the bottom line in order to respond to any unexpected revenue declines. Governor Parson also proposed to do the same for next year, ensuring another year of responsible state budgeting and savings.

However, COVID-19 has severely impacted Missouris anticipated economic growth, and the state is now experiencing significant revenue declines.

To ensure Missouri is prepared to deal with the economic impacts of COVID-19 going forward, Governor Parson issued vetoes for 17 items totaling nearly $11 million. Governor Parson also announced over $448 million in budget withholds. These restrictions include nearly 150 items across state government.

COVID-19 is unlike anything we have ever experienced before, *Governor Parson* said. As difficult as these decisions are, we are experiencing an unprecedented economic downturn, which means we are having to make unprecedented adjustments in our budget.

Despite these challenges, Governor Parsons administration is hopeful that the economy will recover quickly, which may allow for the release of some withholds later in the year. The state also anticipates opportunities in the coming weeks to help offset shortfalls.

To view the FY 2021 appropriation bills, click here [ [link removed] ]. To view the full list of expenditure restrictions, click here [ [link removed] ].



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* Governor Parson Signs Budget Bills.JPG [ [link removed] ]
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*Contact: Kelli R. Jones*

Communications Director

Work: 573-751-0765

Mobile: 573-508-9072

Email: [email protected]

Website: www.governor.mo.gov


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This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Office of Governor Michael L. Parson PO Box 720 Jefferson City, MO 65102 (573) 751-3222 GovDelivery logo [ [link removed] ]