CHICAGO – Missouri lawmakers adjourned Friday after wrapping up a session that saw passage of a $25 billion fiscal 2014 operating budget and a $700 million to $800 million income tax cut package, but no action on two major bond packages to fund transportation and infrastructure projects.
Gov. Jay Nixon is reviewing the approved budget – slightly up from a $24.4 billion fiscal 2013 spending plan -- but he has signaled his readiness to use his veto pen. He did not say outright he would veto the phased in tax cuts, but he raised concerns over whether the state could afford such a move. “Taking more than $800 million ... the equivalent of what you spend on higher education … is not the fiscally responsible approach,” the Democratic governor said.