Today Gov. Eric Greitens, along with Senator Dan Brown (Senate Appropriations Committee Chairman) and Representative Scott Fitzpatrick (House Budget Committee Chairman), announced Missouri’s Consensus Revenue Estimate (CRE) for Fiscal Year 2019.
The annual CRE is a figure established by state budget experts and outside consultants and is one of the basic assumptions the Governor and legislative leaders use to build and balance Missouri’s budget.
The key figure in the CRE is the projected general revenue collections for FY2019. Net general revenue collections in FY2019 are expected to be $9.418 billion. This represents growth of $229.3 million over the estimated revenue for FY2018. The estimate for FY2019 assumes growth of 2.5 percent. The revised estimate for the current fiscal year is $9.189 billion.
“I appreciate the cooperation and hard work from Senator Brown and Representative Fitzpatrick to develop the revenue estimate,” said Gov. Greitens. “I remain committed to maintaining a balanced budget while continuing to find ways to make a smaller government that works better for Missouri citizens.”
“I feel the CRE is realistic and I think things are turning in Missouri,” said Senator Brown. “However, there is always a bit of a lag in revenue growth. Missouri is open for business and growth will be on the horizon.”
“I want to thank Gov. Greitens, Sen. Brown, and all the staff who worked to arrive at this estimate in the midst of a changing tax landscape,” Representative Fitzpatrick said. “I look forward to continuing to partner with the Governor, Sen. Brown and my colleagues in the General Assembly to once again craft a fiscally responsible budget for our state government.”