As compared to the FY 2016 budget or House budget, some notable FY 17 budget changes recommended by the Senate include: HB2002 $70,368,735 increase to the funding formula $21, 180,466 increase for Early Childhood Special Education $1 million increase of Missouri Preschool Read More
While the Senate Appropriations Committee has not yet passed the bill, it has so far made the following changes to HB 2010: DSH Transfer While the House recommended $48,858,000 for the DSH Transfer, the Senate agreed with the Governor’s Recommendation of $50,000,000. Read More
While the Senate Appropriations Committee has not yet passed the bill, it has so far made the following changes to HB 2002: Foundation Formula The Senate agreed with the $71,055,569 increase to the formula recommended by the House however, the Senate did call for a fund Read More
While the Senate Appropriations Committee has not yet passed the bill, it has so far made the following changes to HB 2003: The Senate cut $500,000 added by the House to fund the establishment of a state-wide student web portal. The House had added $450,000 for the Read More
While the Senate Appropriations Committee has not yet passed the bill, it has so far made the following changes to HB 2010: Division of Community and Public Health HB10.700 The Senate removed $474,434 from this fund to be reallocated to the Div. of Community and Public Read More
Despite a sluggish February, general revenue (GR) collections remain on track to meet the fiscal year (FY) 2016 revenue estimate. Net of refunds, February GR collections declined 0.5 percent, leaving the FY 2016 overall growth rate at 3.0 percent. Should overall growth continue Read More
HB 2600, sponsored by Representative Flanigan was heard in the Budget committee this week. The bill would authorize a Surplus Revenue Fund if revenues exceed House budget revenue estimates. Currently the House version of the budget uses over $120 million from the yet to be Read More
Legislators may consider enacting a state-level Earned Income Tax Credit. To help them understand how the EITC can help working Missourians trying to make ends meet, MBP is collecting stories about Missourians helped by the federal EITC. If you’ve benefited from the EITC, Read More
Tomorrow a Senate Committee will hear a proposal to further cut Missouri income taxes, but cuts won’t create the good jobs Missouri needs. And they will undermine our future by making it harder for the state to invest in what really does build a stronger economy. SB 574, to be Read More