Gov. Greitens 2019 Budget Proposal
January, 2018 -Governor Eric Greitens has released a $28.7 billion dollar proposed state budget that begins July 1 – a roughly $200 million increase compared to the current year’s budget. Read here some of the key points in the governor’s fiscal year 2019 budget.
How the new tax Law will impact Missouri State Revenue
A number of provisions included in the federal tax law approved by Congress on December 20, 2017 will affect state revenue collections because of the way state and federal tax laws interact. While most of these implications are clear, the way that Missouri’s state personal exemption for individual income tax is linked with federal law has le ambiguity that could ultimately result in a $440 million annual hit to the state budget. Read the report here
Speak Up Against Federal Funding Cuts
From the Missouri Budget Project:
The $1.5 trillion federal tax reform measure was approved by Congress on December 20. Already some lawmakers are calling for funding cuts to health care, education, child welfare and other critical programs.
You can speak up: write a letter to the editor highlighting the need to protect services. If you’d like assistance, please contact Traci Gleason at firstname.lastname@example.org.
This statement was released December 19 by Amy Blouin, Executive Director of the Missouri Budget Project:
“Despite claims to the contrary, the damaging bill passed by the House today is a giveaway to special interests that will ultimately be paid for on the backs of working Missourians through higher taxes and cuts to services that help families get ahead. Legislators are already calling for spending cuts next year that will undermine working families – and they’re using high deficits, which their tax bill made worse, to justify these cuts.
This is a one-two punch for working families, kids, seniors, and people with disabilities. Calls to cut nutrition assistance, disability insurance, and health care are a slap in the face to struggling families when Congress just voted for a bill that will increase the deficit by nearly $1.5 trillion. Missourians want little more than to provide a better future for their families. But cuts to the safety net that helps Missourians meet their basic needs will make it harder for families struggling to provide for their children.
And because proposals to cut federal spending almost always involve shifting costs to state and local governments, it will put even more pressure on Missouri’s already stretched budget to fund community services that benefit everyone. Members of Missouri’s Congressional delegation should commit now to opposing budget cuts that will further harm families struggling to get ahead by taking away nutrition, housing, health, or other assistance.”
Read the Missouri Budget Project’s report on how this would affect Missourians.
Consumer Financial Protecting Bureau Drops Suit Against Payday Lender
Feb. 12, 2018
The CFPB “dropped a lawsuit against an alleged online loan shark called Golden Valley Lending. The suit says the lender illegally charges people up to 950 percent interest rates. It took CFPB staffers years to build the case….had the lawsuit been pursued and the CFPB won, it could have clawed back money to help thousands of people who’ve allegedly been hurt by the lender.” Read more here
Victory: Senate Upholds Veto of Paycheck Deception Bill
The MO Senate voted on May 12 to uphold Governor Nixon’s veto of Paycheck Deception. The governor vetoed the bill because he knew it is detrimental to Missouri’s public and union workers. Unnecessary paycheck deception attacks would have been the first step towards turning Missouri into a so-called “Right to work” state, hurting families and Missouri’s economy.