Missouri Revenue

Two new mega tax petitions filed with the Secretary of State propose a constitutional amendment to eliminate personal income taxes and replace them with a greatly expanded sales tax that applies to most goods and some services, even those currently exempt. As a result of the Read More

One of the objectives of Missouri’s expected Special Legislative Session to be held this September is consideration of the "Aerotropolis" tax credit program. The program would spend $360 million over ten years to promote an international trade Read More

After falling by 6.9% in FY 2009, and another 9.1% in FY 2010, Missouri’s net General Revenue collections increased 5.9% in FY 2011. Moreover, the net GR total exceeded the consensus revenue estimate by $159.2 million, providing the state with much needed revenue in the Read More

On August 2nd, the nation will reach its statutory debt ceiling. Some policymakers are proposing to use this looming deadline as an opportunity to include dangerous fiscal policy proposals in the debt ceiling legislation, including global spending caps and balanced budget 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

For the most recent quarter of the fiscal year, general revenues increased 10.9 percent, marking the fourth consecutive quarter of revenue growth. This sustained revenue growth indicates that the worst of the revenue decline is over. However, the state continues to face enormous Read More

Policymakers have proposed several plans to reduce deficits and stablize the national debt. This paper reviews the various recommendations and discusses core principles that should guide public discussions about the nation’s fiscal health.  To learn more, click here. Read More

As federal policymakers discuss current and future budgets, there has been significant discussion about deficits and debt.  While the consequences of federal deficits are a concern, it is the long-term national debt that poses the greatest threat to economic prospects.  Read More

Proponents of proposals to replace the state’s income tax with a greatly expanded sales tax assert that doing so will increase economic growth.  An analysis of the data shows that there is no relationship between state income tax and state economic growth.  To Read More

Advocates of the effort to eliminate Missouri’s income taxes and replace them with a greatly expanded sales tax often attempt to correlate the income tax with population growth. A review of population growth over times shows only a continuation of U.S. migration patterns, Read More