- Oct 17, 2011
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The state of Missouri is expecting a decline in general revenue in 2024 following a record-setting budget approved earlier this year.
The projections leave some lawmakers concerned about the state’s future.
It’s a constitutional requirement for the General Assembly to pass a balanced budget by May.
Over the past few years, lawmakers have approved income tax cuts, and counties can now freeze property taxes for seniors. These cuts are causing concern for some.
Earlier this year, Gov. Mike Parson signed off on the largest budget in state history, which included nearly $3 billion to expand Interstate 70 to three lanes across the state.
“I argue if you can put the taxes back into the taxpayer’s pocket, they are going to spend the money,” said [state house speaker] Plocher. “They are going to be able to afford those necessary items, food, shelter, cars, things like that, that just go back into the economy and employ more Missourians.”
But they are not going to be able to expand interstate 70.
The projections leave some lawmakers concerned about the state’s future.
It’s a constitutional requirement for the General Assembly to pass a balanced budget by May.
Over the past few years, lawmakers have approved income tax cuts, and counties can now freeze property taxes for seniors. These cuts are causing concern for some.
Earlier this year, Gov. Mike Parson signed off on the largest budget in state history, which included nearly $3 billion to expand Interstate 70 to three lanes across the state.
“I argue if you can put the taxes back into the taxpayer’s pocket, they are going to spend the money,” said [state house speaker] Plocher. “They are going to be able to afford those necessary items, food, shelter, cars, things like that, that just go back into the economy and employ more Missourians.”
But they are not going to be able to expand interstate 70.
