CHICAGO — Missouri Gov. Jay Nixon on Friday signed into law a $23 billion fiscal 2012 budget after cutting $172 million from the plan approved by lawmakers in order to keep spending in line with expected revenue and to set aside $50 million for recent weather-related disasters.

“These actions aren’t easy, but they are necessary,” Nixon said.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.