Another is $250 million for the Cash Operating Expense Fund, essentially a savings account that can be tapped in the future. The largest is a $500 million cash infusion to the Missouri State Employees Retirement, or MOSERS, fund to lower long-term payroll contributions. He’s asking lawmakers for three spending items, totaling $850 million from general revenue, that could become targets. There are, however, items in Parson’s plan where cuts would provide large sums without impacting immediate state operations. But the House balancing rule requires any new or increased spending proposed by members to be accompanied by a cut from somewhere else within the budget as proposed. Mike Parson’s $47.3 billion budget proposal projects a $1.6 billion general revenue surplus at the end of June 2023. Most of the enormous surplus accumulating in Missouri’s general revenue fund will be off-limits to members of the House Budget Committee when it prepares a fiscal year 2023 spending plan for floor debate.
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