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Missouri Budget 2001 Editorial
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Hurrah it's allover, the end of another legislative session. Now my job starts to inform the people
About the budget appropriations. I'm putting the Missouri Budget on the web for all Missouians's to see,
at www.geocities.com/Goodjobs1, there is much more economic data there too.
I've crunched the numbers and here are some facts. The proposed budget vs. actual spending shows
about an 11 percent increase. I hope your budget is expanding as fast, or faster. GDP is only moving
about 5 percent, and an economic slow down is due soon, because of higher interest and fuel cost.
Capital Improvements recieved the largest budget increase 3.1 times previous actual spending.
The Following Departments received the percentage increase's to wit: Conservation 42, but this is not
appropriated by the legislators, Conservation is funded by 1/8 of a cent sales tax. National Rrsources 41,
Agriculture 33, General Assembly 29, Elected Officials 27, Judiciary 24, Statewide Leasing 22,
Health 20, Corrections 19, Transportation 19, Public Defenders 17, Higher Education 15, Public Safety
14, Social Services 13, Mental Health 11, Insurance 7, Elementary & Secondary Education 7, Public
Debt 5, Office of Administration 4, Economic Development 3, Capital Maintains & Repair 2.
Departments that lost income were Labor and Industrial Revenue .98%, and revenue .91% of previous
spending.
I was surprised to see that Economic Development did not get much more than and inflationary budget
Increase. The Conservation income is a little over estimated to me, because your going to have to spend
42 percent more. The total amount would be more than 95 billion dollars. I don't think it will happen
unless you flatten your credit card. The General Assembly, Elected officials, and Judiciary recived
more money, they recieved their increase. There is a note on the budget that shows Article X refunds
FY-1999, 318,792,419 dollars, FY-2000 178,843,080 dollars, FY-2001 98,861,466 dollars.
While General Revenues are reported total state revenues are not, but they are all revenues, and
comes out of yours or someone else's income. I am also digging into a lot of economic tax data and
have found some interesting facts regarding Missouri state revenues. You should be aware that the state
collects much more revenue that the budget of the state. By searching the web I came across the
www.census.gov/govs/state/98stmo.txt web site, this shows a total state revenue for Missouri in 1998
of 19,020,637,000 dollars. Yes that's Billions!!!. I have installed links on my site for your review and
enlightenment, look under the Missouri budge 2001. I was surprised to see a 4,136,585,000 dollars of
income from the "Insurance Trust Revenue" paying some 21.75 percent of the total revenue. Don't know
much about this, and i have made some inquiries. The more i learn, the more I learn I don't know.
Based on web data and my calculations it seems to show that the budget takes about 81% of total
revenues. The other surprise this census web site shows cash and securities holding of 35,726,293,000
dollars or 6,569.07 per capita.
I'm developing databases that show the growth of GPI(Gross Personal Income) in Missouri and
state revenues, both are not good for the citizens that want to get ahead. Many of our rural areas are not
in good economic shape for the shape they're in. I have also started economic analysis of the states.
to see where Missouri fits into the big picture, present data show Missouri is about 21% of the largest
growth of GSP(Gross State Product) bases data 92-98. When all the number were flying around
in Washington, I found both the GDP(Gross Domestic Product), GPI, and the Federal Budgets. Some in
Washington say it very carefully, but now it's getting a little more touchy as most quote Taxes (the
Federal budget) at about 20% of GDP. It is GPI that pays the bills, and about 24.75% of GPI goes to
pay Federal Taxes, but when total revenue numbers are used it changes the numbers. The total tax cost,
Federal, 25%, State 13%, Local 12%, it all adds up to about 50%.
I believe the up coming election might turn on the economic factors, as the Carnahan administration
has continued to run up state taxes at some what of an alarming rate, but the facts speak for themselves.
My computations show a 22 percent rate of gowth in taxing vs. rate of growth of GPI. The bottom line is
less dollars mean a lower standard of living. The cost of fuel will have big effect on this economy, and
with Mr. Greenspan ratcheting up rates, this will not be good for many , and this will cause more
inflation. I believe the total tax burden is rising much faster than wages. I'm concerned by the lose of
jobs in Audrain County, the Farber Brick plant closing as well as the loss of jobs in Cole County, 150 at
the Unilever plant, there may be other plant closings or layoffs.
The future of the Nation and the State belongs to the efficient. Missouri has an opportunity to become an
economic powerhouse, fail to do that and Missouri will continue in poverty, short changing the people,
and their lives. It is not what you make. It is what you keep.
Financial Freedom is a Cornerstone to all other Freedoms. Vote to keep yours!!!
Goodjobs1
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