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Missouri to get more stimulus money than predicted February 18, 2009

Posted by kbianews in KBIA.
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Bret Mays designs a sign to display prices at the Salvation Army Thrift Store on Feb. 16, 2009. Mays has worked at the store for five months.

Bret Mays designs a sign to display prices at the Salvation Army Thrift Store on Feb. 16, 2009. Mays has worked at the store for five months.

Business Beat 02/18/09

Governor Jay Nixon is getting more stimulus money for Missouri than predicted. In his budget for Fiscal Year 2010, Nixon designated more than $800 million for in state stabilization funds. Out of the four billion dollars Missouri is getting from the stimulus, one billion dollars will go towards in state stabilization. In Columbia, reporter Nathan Winters talks about what this cash infusion means for Missouri.

While Missourians wait for noticeable results from the stimulus package, food and utility prices continue to rise. Columbia’s Shane Hoffman and Courtney Flatt report safety net organizations are struggling to meet the growing demand for assistance.