In November Missourians will vote on Proposition A. If passed, the Proposition would undermine local control and decision making in every Missouri community. Proposition A would place vital local services and infrastructure perpetually at risk of severe cuts. And, the measure could likely result in St. Louis tripling its sales tax rate, Kansas City doubling its sales tax rate, or property tax increases of 400 percent. ... Read more >
Missouri’s general revenue ended the fiscal year more than 9 percent below the previous year, likely the largest decline in one year since the Great Depression. Click here to read more details.
Despite significant reductions to Missouri’s general revenue budget over the last two years, Missouri’s funding crisis continues. Over the last decade, Missouri’s revenue has dropped to historic lows. Missouri policymakers have responded by depending upon a series of temporary funding and by making severe cuts to an array of state services. The crisis is not over. MBP estimates the state will face a $1 billion shortfall in FY 2012. Click here to read more.
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Cut hurt! For the past 20 days the Missouri Budget Project has highlighted 20 ways that budget cuts hurt individuals, families, communities and all of us. Click here to read 20 Ways in 20 Days. There is a better way! Instead of just relying on cuts, Missouri needs to use common sense balanced solutions for its budget. Click here to read a summary of some of the better ways Missouri could choose.
This updated presentation provides an overview of the state of Missouri’s budget and options for strengthening the resources available for investing in the services and infrastructure that benefit all Missourians. June 2010
Governor Nixon’s tax credit reform proposal was introduced last week on the Missouri Senate floor in the form of an amendment to Senator Dempsey’s economic development bill, Senate Bill 895. The House version of this proposal, House Bill 2399, was heard in the House Jobs and Economic Development Committee on April 6th. Click here... Read more >
Missouri’s general revenue collections, after refunds, fell by 14.6 percent in February, resulting in a 12.7 percent decline for the first eight months of fiscal year 2010 overall. Click here to read the full report.
This presentation provides an overview of the state of Missouri’s budget and the structural causes of the state’s budget struggles.
Governor Nixon recently estimated that about $500 mil needs to be cut from the budget he proposed in January. Click here to read an analysis of how this impact Missouri.
Enacting the streamlined sales tax will help keep Missouri businesses competitive, provide the state with much-need funds and modernize our revenue structure. Click here to learn more about this proposal.
Click here to learn more about a special discussion on Missouri’s budget situation, and opportunities to move the state forward, March 11th in Springfield.
On February 16, 2010 the Missouri House Appropriations Committee for Health, Mental Health and Social Services marked up House Bills 2010 and 2011, the appropriation bills for the Departments of Health & Senior Services, Mental Health and Social Services. Two large amendments were passed that made numerous cuts in services and programs. Click here to read more about these proposed cuts.
House Joint Resolution (HJR) 77 currently being debated in the Missouri Legislature would allow Missouri to increase bonds for much needed capital improvement projects by $800 million. However, the issue must be evaluated in the overall context of the Missouri state budget situation. Click here to read more.
Governor Nixon delivered his State of the State address on January 20. He outlined his priorities and released his proposed budget. Click here to view a summary of the Governor’s budget request.
Click here to read a summary of the budget restrictions announced by the Governor on October 28, 2009.
State Revenue dropped drastically in the first quarter of the fiscal year. Without the American Recovery and Reinvestment Act funding Missouri would be facing a major budget crisis in the current year. Revenue drop calls for further Federal Stimulus funds for the State in order to avoid major budget problems in the next year. Click Here to read more.
On August 20th, the Missouri Office of Administration announced than an additional $60 million is being withheld from the state’s budget. Click here to learn more about these new cuts.
Click here to learn more about where Missouri ranks in revenue collections and spending on state residents compared with other states.
Missouri’s revenue collections declined sharply in Fiscal Year 2009. Click here to read a detailed report of this decline in state revenue and what it could mean for the current fiscal year.
Due to budget constraints, Governor Nixon recently announced vetoes and withholdings from the state’s FY2010 budget. Click here for a detailed report.
Click here to learn more about how fully funding state services can help Missouri’s economy recover.
