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The governor also restricted the expenditureof $325 million which can be released later if revenure exceeds expectations. Among the cuts and freezes are $91 millionn for university building projects; $48 million for state building repairs; nearl $25 million from a $112 milliom contract for a new state radio and $12 million for the at . Nixon’sa state budget Director Linda Luebbering twoweeks ago. The 200 job cuts will be through attrition and layoffs starting July 1 and are in additiob to the Missouri hasabout 58,000 full-tim e employees. The cutbacks were made to offsett a drop in revenue in time for the start of fisca l 2010 onJuly 1, Luebbering said.
"This near-record amountt of line item vetoes was not made Nixon said at a news conference in Jefferson City, according to prepared remarks. "These fiscally responsiblr steps are necessary to ensurse that Missourians have a government we can without raising taxes and without sacrificing our shared priorities of health careand jobs." President Gary Forse e said he was disappointed with Nixon's decisioj to withold funds for new science labs at Benton-Stadle r Hall at the and other campus construction projects.
"Eliminatinbg or delaying fundingfor shovel-ready projects representds a missed opportunity to stimulatre the economy by providing jobs and better education and healthb care services for Missourians," Forsee said in a statement. The statew expects nearly $7.4 billion in revenue for fiscakl 2010, about $370 million less than the roughly $7.8 billiom that state had anticipatedin January, she said. More than 85 percenr of the state’s revenue stream comes from individual incomstaxes (60 percent) and salesd taxes (25 percent). Missouri's unemployment rate up from 8.1 percen in April. During this past General Assembly session, the legislaturew and spent nearly $1.
3 billion in federak stimulus funds, including $800 million for core such as health careand education. The rest was spent on one-timd projects. Stimulus funding will dry up after 2011.
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