Missouri’s budget increased cumulatively more than pop+inf in state funds and all funds from 2016-25, meaning taxes are higher than the average taxpayer can afford.

  • The 2025 state funds budget is $1.6 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent $9.0 billion too much.
  • The 2025 all funds budget is $9.5 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent $42.2 billion too much.

State Funds Budget Data

  • Estimated FY 2026 Only State Funds Budget ($ Billions): $ 24.17
  • FY 2027 Only State Funds Budget Limit ($ Billions): $ 25.01
  • FY 2027 Only State Funds Budget Limit Growth (%): 3.47%
  • Cost per person of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 4,863
  • Cost per family of 4 of only state funds budgeting more than pop+inf over the last decade in 2025 budget: $ 258
  • Cumulative cost per person of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 1,434
  • Cumulative cost per family of 4 of only state funds budgeting more than pop+inf over the last decade from 2016-25: $ 5,735

All Funds Budget Data

  • Estimated FY 2026 All Funds Budget ($ Billions): $ 42.47
  • FY 2027 All Funds Budget Limit ($ Billions): $ 43.95
  • FY 2027 All Funds Budget Limit Growth (%): 3.5%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 7,065
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2025 budget: $ 1,511
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 6,728
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2016-25: $ 26,911

Other Economic and Fiscal Considerations