A state budget analyst says Missouri’s government is headed for a financial train wreck in the next fiscal year. Former State Budget Director Jim Moody, now a lobbyist at the State Capitol, analyzes state spending for several organizations and is often called on by the legislature for insight. He has told a joint legislative committee studying state tax policy that state government has a severe structural budget problem and the train wreck he sees developing a year from now cannot be avoided even by a strong economic turnaround. Moody said the state is paying the piper for cutting taxes and increasing services during the 90s. And Moody warned state lawmakers not to look to Washington for help. In fact, he said the state fiscal problems will only get worse if Congress passes new federal tax law changes.
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