Shaping Policies. Creating Opportunities.

Press Release: New MBP Analysis Shows Tax Credit School Vouchers Would Increase Costs for Local Taxpayers

For Immediate Release: April 3, 2024Contact: Traci Gleason, A new analysis from the Missouri Budget Project shows that the expansion of school vouchers like those through the Missouri Empowerment Scholarship Accounts would require school districts to increase the amount of local
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School Vouchers Would Increase Costs for Local Taxpayers

State lawmakers are considering legislation that would expand the Missouri Empowerment Scholarship Accounts Program, or vouchers. While the financial impact of vouchers would vary widely by district, some increases could be substantial and may require a local tax increase.
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Improving Missouri’s Property Tax Credit Would Provide Immediate Property Tax Relief

The past year saw a dramatic rise in housing values and property tax assessments in counties across Missouri, resulting in steep increases in property tax for many homeowners. At the same time, Missouri saw larger rent increases than any other state, with a 13.18% increase in
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Tying Unemployment Assistance to the State Unemployment Rate Would Weaken Protections, Slow Down Economic Recovery in the Future

Although employment has improved dramatically since the peak of job loss during the pandemic, Missouri’s strong unemployment rate masks considerable geographic disparities. Further, not all Missourians have recovered equally. Tying unemployment benefits to economic conditions
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$15 Minimum Wage and Access to Paid Earned Sick Leave Good for Missouri Kids and Families

We all benefit when working parents earn enough to support their families and can care for their health and their children’s health without risking their jobs or paychecks. An upcoming initiative on the 2024 ballot would build prosperity for Missouri families and communities by
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Raising Missouri’s Minimum Wage Is Good for Workers and the Economy

Missouri workers are the engines of our economies. When they earn a decent wage and can afford to care for their families, then they can fully participate in their communities and contribute to Missouri’s economic growth. An initiative on the 2024 ballot would build quality jobs
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Economic Impact Analysis of Clean Slate in Missouri

Many hardworking Missourians seeking to build better lives for themselves and their families face barriers to employment due to past convictions. Despite having paid their debts to society, criminal records can reduce economic opportunity for those who have had involvement with
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Overview of Missouri’s Recreational Marijuana Tax Revenue

In February 2023, sales of recreational marijuana became legal in Missouri following voter approval of a state constitutional amendment that legalized marijuana for Missouri residents over age 21. This amendment included a six percent state sales tax on recreational marijuana.
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State Revenue Bottoms Out: The Impact of Years of Tax Cuts & Ongoing Implementation

Contrary to the extraordinary growth of general revenue in recent years, state revenue is stagnating, which will result in difficult budget decisions in future years. The fluctuations in state revenue are a result of overlapping factors. Specifically, federal COVID funding has
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Federal Reimbursement Allowance Critical to Solvency of Missouri’s Entire State Budget

Medicaid provider taxes (commonly referred to as the Federal Reimbursement Allowance, or FRA) are a critical funding stream supporting the entire state budget. While dollars raised through the FRA directly support the MO HealthNet program, the funding frees up state general
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