State Tax Policy

Governor Kehoe recently announced that Missouri expects a $1 billion shortfall in general revenue in FY 2027. This shortfall is expected mostly because of the implementation of previously passed tax cuts. COVID-related savings temporarily masked the shortfall, and this budget gap Read More

For Immediate Release: July 10, 2025Contact: Amy Blouin, Governor Signs $500 Million Tax Giveaway as State Faces Growing Budget Challenges   Statement from Missouri Budget Project CEO Amy Blouin Governor Kehoe is expected to sign House Bill 594 this afternoon, a tax bill that Read More

For Immediate Release: July 3, 2025Contact: Amy Blouin, Congress Passes Budget Reconciliation      Community leaders respond to passage of the budget reconciliation bill, which puts health coverage and food assistance for hundreds of thousands of Missourians on the chopping block Read More

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their Read More

For Immediate Release: January 28, 2025Contact: Traci Gleason MBP Response to Income Tax Proposal in State of State AddressStatement by Amy Blouin, President and CEO, Missouri Budget Project “Whether it happens over time or all at once, eliminating the state income tax wipes out Read More

Recent dramatic increases in housing values and property tax assessments in counties across Missouri have resulted in steep property tax increases for many homeowners, threatening housing stability for older adults, many of whom live on fixed incomes and are at risk of being Read More

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 Read More

A number of tax changes made over the last three decades have resulted in an inadequate, upside-down tax system where low- and middle-income Missourians pay a higher share of their income in taxes than the richest Missourians, and out-of-state corporations pay less than their Read More

Increasing housing values and associated property taxes can price older people out of the homes they have lived in for decades, separating them from their neighbors and communities. Similarly, rising costs can make accessible housing unaffordable for Missourians with Read More

Increasing housing values and associated property taxes can price older people out of the homes they have lived in for decades, separating them from their neighbors and communities. Similarly, rising costs can make accessible housing unaffordable for Missourians with Read More