Governor cuts $1.1 billion from budget – Loss could cost BG schools $209,000
Bowling Green’s schools could see a substantial funding loss as a result of Governor Jay Nixon’s recent budget cuts topping $1 billion.
A week prior to the start of the new fiscal year, on June 25, Nixon announced that he made $1.1 billion worth of budget cuts for fiscal year 2015.
A large portion of these funds directly affect Missouri’s schools, including those in the local district.
The state’s general revenue for past fiscal year, ended June 30, was down one percent, $79.4 million, from 2013, according to a report by state Budget Director Linda Luebbering.
Adding insult to injury, Nixon initially projected a 2.8 percent growth in revenue, while the Republican-led Legislature estimated two percent.
To translate the figures, this means the $8 billion in general revenue that came in for the 2014 fiscal year was $308 million short of Nixon’s estimations and $241 million short of the Legislature’s projections.
Because of these expectations, the fall in revenue came as a shock to many throughout the state, namely the Bowling Green R-1 School District, who could now suffer a major cut from their state funding, somewhere in the ballpark of $209,000.
“We are obviously disappointed anytime school funding is jeopardized,” said first-year Superintendent J.W. Brandt.
Reports indicate around $400 million of the $786 million in general revenue being withheld or vetoed by the Governor is credited to the revenue miscalculation.
According to Nixon, the reductions were necessary, noting tax cuts awarded by the Legislature and the failure to expand Medicaid, among other reasons.
Be sure to pick up the July 9 Bowling Green Times for the rest of the story.