JEFFERSON CITY, MO — Today, Governor-Elect Mike Kehoe announced Missouri’s Consensus Revenue Estimate (CRE) for Fiscal Year (FY) 2026.
The annual CRE is a figure established by state budget experts and is one of the basic assumptions used by the Governor and legislative leaders to build and balance Missouri’s budget.
The key figure in the CRE is the projected general revenue collections. Net general revenue collections in FY26 are expected to be $13.56 billion. This represents a 1.6 percent net general revenue growth over the revised CRE for FY25.
“I appreciate House and Senate leadership, our state budget team, and other state partners for helping develop this year’s revenue estimate to inform our budget for next year,” Governor-Elect Kehoe said. “I look forward to working with the legislature on a conservative, balanced budget this upcoming session.”
The revised estimate for the current fiscal year (FY25) assumes $13.35 billion in net general revenue collections, which represents a 0.6 percent decline compared to FY24.
“I am pleased to reach a consensus revenue estimate and anticipate working with the Kehoe Administration and the House to build a sustainable, conservative budget,” said Senator Lincoln Hough, Senate Appropriations Chairman.
“There are big issues on the horizon. I look forward to continuing to work with my colleagues in the House, the Senate, and Governor-Elect Kehoe on crafting a fiscally responsible FY26 budget.” said Representative Dirk Deaton, House Budget Vice Chairman.
Governor-Elect Kehoe will outline his proposed FY26 budget during his first State of the State address in January.
