Missouri's Budget Reserve Fund

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Missouri's Budget Reserve Fund

Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/2800

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Title: Missouri's Budget Reserve Fund
Author: Valentine, David C.
Contributor: University of Missouri-Columbia. Harry S. Truman School of Public Affairs. Institute of Public Policy
Keywords: Missouri state budget
Cash Operating Reserve Fund
Budget Stabilization Fund
Date: 2004-10
Publisher: University of Missouri - Columbia Institute of Public Policy
Citation: Valentine, D. (2004).Missouri's Budget Reserve Fund. [Report 60-2004] Retrieved 10-01-09, from University of Missouri System, Missouri Legislative Academy Web site: http://www.truman.missouri.edu/ipp/mla/publications/publications.htm
Abstract: The value of what has been called a “rainy day fund” was made obvious by several years of minimal revenue growth in the early 1980s. Without a reserve of this kind, the State had no sources of funds to help to cover shortfalls in fiscal years with less than anticipated revenues. In addition, the State did not have a way to meet uncontrollable increases in the cost of services such as Medicaid. The Budget Stabilization Fund and the Cash Operating Reserve Fund were both created in the 1980s to help the State maintain public programs in an era of fiscal stress.
URI: http://hdl.handle.net/10355/2800

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  • Public Policy publications (MU) [108]
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