MDN.ORG:
Missouri Digital News
MDN.ORG
Mo. Digital News
Missouri Digital News
MDN.ORG:
Mo. Digital News
MDN.ORG:
Missouri Digital News
MDN.ORG:
Missouri Digital News
MDN.ORG
Mo. Digital News
Missouri Digital News
MDN.ORG:
Mo. Digital News
MDN.ORG:
Missouri Digital News
Leaders on both sides of the aisle in the Missouri House say a Senate plan to use tobacco settlement money in the state budget is no good.
Johnathan Woodward has more from Jefferson City.
A bipartisan group of state senators wants the state to sell bonds on tobacco revenue to cover the shorfall in the state budget.
But there's bipartisan opposition to the idea in the House.
House Speaker Jim Kreider says he's cold about the plan:
House Republican Leader Catherine Hanaway says she agrees that Senate plan is not a smart financial move.
In Jefferson City, Johnathan Woodward.
A bipartisan plan in the Missouri Senate to cover shortfalls in the state budget is facing bipartisan opposition from leadership in the House.
Johnathan Woodward has more from Jefferson City.
A group from both sides of the aisle in the Missouri Senate has introduced a resolution calling for the state to borrow against future tobacco settlement payments.
They say the revenue generated from the deal would be used to cover any gaps in the state budget.
But House Republican Leader Catherine Hanaway says getting one dollar of tobacco money now instead of three dollars later is a bad idea:
House Speaker Jim Kreider, a Democrat, agrees with Hanaway. He says the idea is fiscally irresponsible.
In Jefferson City, Johnathan Woodward.
Leaders of both parties in the Missouri House aren't happy with a Senate plan to plug shortfalls in the state budget.
Johnathan Woodward has more from Jefferson City.
The Democratic Speaker and the Republican Leader of the Missouri House say a Senate plan to fix the budget isn't fiscally responsible.
The plan, introduced by a bipartisan group of state senators, calls for the state to borrow against future tobacco settlement payments.
That revenue would cover shortfalls in the state budget.
House Speaker Jim Kreider says the plan could hurt the state's bond rating:
House Republican Leader Catherine Hanaway also says the plan is a bad idea, and says she's very suprised that Republican leaders in the Senate are in favor of it.
In Jefferson City, Johnathan Woodward.