As Missouri Governor Mike Kehoe prepares to take action on the Fiscal Year 2027 state operating budget, Auditor Fitzpatrick is urging him to take steps to proactively balance the budget now before more painful cuts are needed in the future.
Despite a warning from Fitzpatrick before the 2026 legislative session began, a new report from his office details how the fiscal year (FY) 2027 budget process resulted in an authorized increase, rather than a decrease, to General Revenue Fund (GRF) spending, and is projected to result in deficit spending of over $1.7 billion for the year. The state's General Revenue Fund balance, which stood at a high of approximately $5.8 billion in FY 2023, will be approximately $600 million by the end of FY 2027, and the balance will be completely exhausted early in FY 2028 based on current projections.
Read more about the report here:
auditor.mo.gov/news/item/sta…
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