Missouri Minute: State budget concerns remain; Parson requests federal disaster declaration

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If you’re a fan of the Broadway hit “Hamilton,” get ready: Tickets for the show’s Kansas City run in June go on sale soon, but you have a week to register. We have more on that and other Missouri business news down below.


Stay alert

State revenue up slightly, but budget concerns remain
An updated figure shows Missouri’s total revenue up by $4.1 million, which still doesn’t come close to the Missouri Senate’s 1.7% growth target in its budget proposal. (Columbia Missourian)

Parson requests federal disaster declaration for 13 flooded counties
Preliminary reports estimate $25 million in public infrastructure damage and emergency response costs due to last month’s flooding along the Missouri River. (Kansas City Star)

Amazon to launch ‘in-garage’ delivery in St. Louis
The e-commerce titan will offer the service to Amazon Prime members in a total of 50 cities. (St. Louis Business Journal)

Reliance Bank buyer pledges $15 million in St. Louis community development
Arkansas-based Simmons Bank also pledged to open a retail branch in a low-income neighborhood, set goals for small-business loans and contribute $60,000 a year to local charities. (St. Louis Business Journal)

‘Hamilton’ opens registration for Kansas City ticket sales
Some 42,000 seats ranging from $71 to $400 will be available to those who register by April 30, which organizers hope will safeguard against ticket scalpers. (KCUR)

Build-A-Bear founder plans $125,000 in scholarships
The newest pledge marks the largest scholarship payout for Maxine Clark’s Blueprint4Summer initiative, which connects parents with a database of children’s summer camps. (St. Louis Business Journal)


Show me

International migration accounted for about 45% of Missouri’s population growth between July 2017 and July 2018, according to new estimates from the U.S. Census Bureau. The state gained a net of close to 18,000 residents in that period.


Say that again

“If the legislature is not going to do something, I think it is incumbent on us as council to do what we can.” 
Springfield City Councilman Craig Hosmer has voiced support for a proposed ordinance to regulate payday lenders with greater scrutiny, the Springfield News-Leader reports. Springfield Mayor Ken McClure has lined up against the proposal because he believes it fails to address the underlying problem of exorbitant interest rates of payday loans. Currently, only the state legislature has the power to cap interest rates charged by lending institutions.


Hello, my name is

Paul Steiner
Kansas City-based Commerce Bank has promoted Steiner, the bank’s assistant controller, to corporate controller and chief accounting officer, the Kansas City Business Journal reports. Steiner, who has been at Commerce for 12 years, is replacing Jeff Aberdeen, who will retire in June after 31 years with the company.


Go figure

1,000 feet
That is how far away from schools that medical marijuana dispensaries must operate in Springfield after a new ordinance passed by the city council Monday, the Springfield News-Leader reports. The new rule highlights growing regulatory concerns in cities like Springfield and Columbia over the looming rush of legalized medical marijuana firms in the state.

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