Missouri Budget

Earlier this month, Governor Nixon approved Missouri’s FY 2012 budget, reducing the budget passed by the General Assembly by an additional $172 million. For more information on the budget restrictions made by the Governor, click here. Read More

A significant portion of the FY 2012 budget restrictions imposed by Governor Nixon are attributable to costs resulting from the multiple natural disasters that have plagued Missouri this spring. While there appears to be bipartisan interest in tapping into a portion of the Read More

There are currently nine initiative petitions and two legislative proposals to place a constitutional amendment before voters in November 2012 that would eliminate personal and corporate income taxes and replace them with a greatly expanded sales tax.  Learn about the mega Read More

While many states have successfully used their "rainy day funds" to respond to recent budget shortfalls, flaws in the design of Missouri’s fund have proven to be obstacles to its intended use.  Reforms to the fund would enable it to be better used to respond Read More

The federal tax law signed in December allows businesses to utlize accelerated investment expensing.  As a result, Missouri will lose as much as $143 million in state corporate tax revenue from 2011-2012.  Missouri can prevent this loss by enacting a provision in its Read More

Many Missourians want to know how the Governor would trim $67 million from Medicaid in FY 2012 without cutting eligibility.  To learn more about the sources of the savings, click here. Read More

The Governor released his FY 2012 budget on January 19th.  Click here to read an overview of his budget recommendations.  Read More

Recent reports have highlighted both improvements in Missouri’s General Revenue for the current fiscal year and less dire forecasts for shortfalls in fiscal year 2012.  While improvements in the state’s fiscal condition are welcome, it is important to understand Read More

Governor Nixon appointed the Tax Credit Review Commission to review the state’s tax credits and make recommendations "for greater efficacy and enhanced return on investment."  The Commission discussed several global issues and took a detailed look at each of Read More

With so much conflicting information in the news about Missouri’s revenue crisis, it’s difficult to get to the facts. The MBP’s latest fact sheet on Missouri’s revenue crisis lays out the facts about Missouri’s revenue in an easy to understand brief. Read More