In November Missourians will vote on Proposition A. If passed, the Proposition would undermine local control and decision making in every Missouri community. Proposition A would place vital local services and infrastructure perpetually at risk of severe cuts. And, the measure could likely result in St. Louis tripling its sales tax rate, Kansas City doubling its sales tax rate, or property tax increases of 400 percent. ... Read more >
Missouri’s general revenue ended the fiscal year more than 9 percent below the previous year, likely the largest decline in one year since the Great Depression. Click here to read more details.
Despite significant reductions to Missouri’s general revenue budget over the last two years, Missouri’s funding crisis continues. Over the last decade, Missouri’s revenue has dropped to historic lows. Missouri policymakers have responded by depending upon a series of temporary funding and by making severe cuts to an array of state services. The crisis is not over. MBP estimates the state will face a $1 billion shortfall in FY 2012. Click here to read more.
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Cut hurt! For the past 20 days the Missouri Budget Project has highlighted 20 ways that budget cuts hurt individuals, families, communities and all of us. Click here to read 20 Ways in 20 Days. There is a better way! Instead of just relying on cuts, Missouri needs to use common sense balanced solutions for its budget. Click here to read a summary of some of the better ways Missouri could choose.
This updated presentation provides an overview of the state of Missouri’s budget and options for strengthening the resources available for investing in the services and infrastructure that benefit all Missourians. June 2010
Missouri’s net general revenue collections declined by 3.6 percent in April, resulting in a net decrease of 11.7 percent for all of Fiscal Year 2010 to date. Click here to read the April general revenue report.
Missouri families living below the poverty level in 2009 faced a substantial state income tax liability, according to a report released today by the Center on Budget and Policy Priorities. Click here to learn more.
Governor Nixon’s tax credit reform proposal was introduced last week on the Missouri Senate floor in the form of an amendment to Senator Dempsey’s economic development bill, Senate Bill 895. The House version of this proposal, House Bill 2399, was heard in the House Jobs and Economic Development Committee on April 6th. Click here... Read more >
Proponents of the proposal to eliminate Missouri’s current state general revenue structure and replace it with a greatly expanded sales tax often compare their plan to states that do not have an individual income tax. However:
1. No state currently relies entirely on sales tax to fund its entire state budget; and
2. No state currently taxes services as broadly as Missouri would under the proposal.
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Missouri’s general revenue collections, after refunds, fell by 14.6 percent in February, resulting in a 12.7 percent decline for the first eight months of fiscal year 2010 overall. Click here to read the full report.
This presentation provides an overview of the state of Missouri’s budget and the structural causes of the state’s budget struggles.
A substitute version of Senate Joint Resolution (SJR) 29 was recently unveiled in the Missouri Senate. The substitute bill makes a number of changes including exempting a handful of services and purchases from the sales tax. Click here to learn more about how those changes would actually increase the financial burden on Missouri families and our state’s economy.
Several constitutional amendments that propose to eliminate personal and corporate income taxes and replace them with a greatly expanded sales tax have been introduced this year in the Missouri Legislature. Click here to read a policy brief on these proposals. Click here to read a fact sheet on how this would impact Missouri families and here to learn how it will impact seniors. Click here... Read more >
Enacting the streamlined sales tax will help keep Missouri businesses competitive, provide the state with much-need funds and modernize our revenue structure. Click here to learn more about this proposal.
Senate Joint Resolution 29 and House Joint Resolution 56 would place a constitutional amendment on the ballot to dramatically change the state’s revenue structure by eliminating individual and corporate income/franchise taxes and replacing them with a greatly expanded sales tax. The new statewide sales tax would both increase the current sales tax rate and expand the base of the state sales tax to include all purchases and services. Click here... Read more >
House Joint Resolution (HJR) 77 currently being debated in the Missouri Legislature would allow Missouri to increase bonds for much needed capital improvement projects by $800 million. However, the issue must be evaluated in the overall context of the Missouri state budget situation. Click here to read more.
Missouri general revenue collections, after refunds, declined 21.7 percent in December, which results in a 10.6 percent decline for the first six months of fiscal year 2010 overall. Click here to read the latest general revenue report for fiscal year 2010.
Poor families in Missouri continue to face substantial state income tax liability, according to a new report by the Center on Budget and Policy Priorities. Click here to read a news release about the report.
Click here to read a summary of the budget restrictions announced by the Governor on October 28, 2009.
State Revenue dropped drastically in the first quarter of the fiscal year. Without the American Recovery and Reinvestment Act funding Missouri would be facing a major budget crisis in the current year. Revenue drop calls for further Federal Stimulus funds for the State in order to avoid major budget problems in the next year. Click Here to read more.
Click here to learn more about where Missouri ranks in revenue collections and spending on state residents compared with other states.
Missouri’s revenue collections declined sharply in Fiscal Year 2009. Click here to read a detailed report of this decline in state revenue and what it could mean for the current fiscal year.
Click here to read an analysis of how the 2009 proposal would impact Missouri families.
Click here to read a fact sheet on this issue.
Click here to read a fact sheet on the ramifications of the 2009 TABOR bill.
Click here to learn more about why Missouri should pass a streamlined sales tax.
Click here for imformation on the benefits of Missouri decoupling from Federal Bonus Depreciation.
Click here to learn more about how a State Earned Income Tax Credit (EITC) could help support Missouri’s families and economy.
Click here to learn more about how fully funding state services can help Missouri’s economy recover.
