State Budget Director Linda Luebbering released the state’s monthly revenue report today, showing a slight downturn in collections compared to July of 2014. July collections 1.2 percent from $512.9 million in 2014 to $506 million this year. Luebbering said the state general revenue fund borrowed $200 million from the state’s budget reserves for “cash flow”[…]
JEFFERSON CITY • Gov. Jay Nixon used his veto pen to set a personal record this year following a legislative session marred by showdowns over tax cuts, school choice and revenue estimates. Nixon, a Democrat, vetoed 33 bills — the most in a single year since he took office in 2009. His total is just two[…]
Issue Summary: The Missouri legislature is debating several measures that would amend the state income tax rate for individuals, businesses, and corporations. Together, Democrats and Republicans have filed over a dozen bills that propose changes to Chapter 143 (Income Tax) of Missouri Revised Statutes (RSMo). Although there are considerable differences among the different versions that have been filed, House and Senate leaders have highlighted the issue of broad based tax reform as a top priority in the 2014 legislative session.