Lack of revenue slows economic recovery

Intro:	Although economic stimulus money is still trickling in, the shortage of state revenue will hurt the recovery of Missouri's economy. Rebecca Beitsch (BYE-tch) has more from the state Capitol.
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Wrap: Despite 430 million in budget cuts, State Budget Director Linda Luebbering said even with federal stimulus money the state is not making enough revenue to cover the bills.

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Description: "Even with a significant rebound in our revenue, and even with the stabilization dollars, we are going to have to continue to make deep cuts in our spending."

Luebbering said that the department will wait until the next revenue quarter before making recommendations for further cuts.

From the state Capitol, I'm Rebecca Beitsch, Newradio 1120 KMOX.

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Intro:	Economic stimulus alone may not be enough to save state programs. Rebecca Beitsch (BYE-tch) has more from the state Capitol.
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Wrap: Federal stimulus dollars have increased some state program budgets by up to 20 times their usual levels, but the lack of revenue coming into the state could push economic stability further into the future.

State Budget Director Linda Luebbering said that revenue collections weren't likely to increase enough to stave off more cuts.

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Description: "I think we would be all very pleasantly surprised if that happened and would all jointly be very happy about that news. But the simple fact is that we can't assume that is going to happen."

Luebbering said that unless revenue increases by 4.2 percent, the office will have to make more budget cuts next quarter.

From the state Capitol, I'm Rebecca Beitsch, Newradio 1120 KMOX.

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Intro:	As revenue is down more state budget cuts may be on the way. Rebecca Beitsch (BYE-tch) has more from the state Capitol.
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Wrap: More budget cuts may be on the way if the state can't generate its needed revenue. Revenue is down five percent from the same time last year, and State Budget Director Linda Luebbering said recovery may be further in the future.

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Description: "We all know that our revenue will eventually turn around. The economy is going to rebound. Our revenue collections will to pick up. I think the big unknown right now is when is that going to happen?"

Luebbering said her office will wait until next quarter's revenue figures are available before recommending further cuts.

From the state Capitol, I'm Rebecca Beitsch, Newsradio 1120 KMOX.

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