JEFFERSON CITY, MO – On Wednesday, Governor Mike Kehoe, along with Senate Appropriations Chairman Rusty Black and House Budget Chairman Dirk Deaton, announced Missouri's Consensus Revenue Estimate (CRE) for Fiscal Year 2027 (FY2027).

The annual CRE is a figure established by state budget experts and economists from the University of Missouri and Missouri State University. It serves as one of the foundational assumptions the Governor and Missouri General Assembly use to build a balanced budget.

"We appreciate the work of our state budget team, House and Senate leaders, and our university economic experts in developing this revenue estimate to guide our budget for the next fiscal year," said Governor Kehoe. "As Governor, I have a constitutional obligation to balance the budget. While Missouri's economy remains strong and solid revenues are expected, the FY2027 budget will be challenging. Spending, not revenues, is the problem facing state government. We look forward to presenting the legislature with a responsible budget that reflects our commitment to fiscal discipline and a long-term vision for growth."

The key figure in the CRE is the projected general revenue collections. Net general revenue collections in FY2027 are expected to be $13.65 billion. This represents a 3.8 percent net general revenue growth over the estimated revenue for FY2026.

The revised estimate for FY2026, the current fiscal year, assumes a 2.1 percent decrease to $13.15 billion in net general revenue collections.

"Reaching a consensus revenue estimate is an important step in the budget process," said Senator Black, Senate Appropriations Chairman. "Once the Governor submits his budget, the Senate will diligently evaluate the proposal and work to develop a fiscally responsible budget that reflects the priorities of Missourians."

"This past session, we were proud to support critical programs and initiatives while also delivering much-needed tax relief for Missouri families, but any spending does not come without budgetary consequences,” said Representative Deaton, House Budget Chairman. "The House stands ready to work with the Governor and the Senate to deliver a sustainable budget for the people of Missouri."

Governor Mike Kehoe will deliver the 2026 State of the State Address, detailing his legislative priorities and his Fiscal Year 2027 budget proposal, on Tuesday, January 13, 2026, at 3:00 p.m.

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The above press release is from the Communications Office of the Missouri Governor.