Here are today’s top business headlines from across Missouri:
The Missouri General Assembly convenes today to consider Gov. Jay Nixon’s vetoes of legislation passed earlier this year. The legislature’s budget leaders say they have identified about 50 items that Nixon cut from the state’s current operating budget that they will recommend for veto override attempts.
The Ferguson City Council announced plans to reduce court fine revenue, reform court procedures and start a Citizen Review Board that will monitor and guide the police department. “We want to demonstrate to residents that we take their concerns extremely seriously,” Councilman Mark Byrne said.
A proposed Rock Island Trail would pair with the 240-mile Katy Trail and create a 400-mile loop unrivaled in the United States. Trail advocates say the second rails-to-trails project would create new recreational opportunities, but it also would boost commerce in struggling, rural areas along the proposed hiking and biking path.
More than $10 million in federal funding will help MetroLink build a new station for the Cortex innovation district. Funding from the federal Transportation Investment Generating Economic Recovery (Tiger) grant program will cover a majority of the projected $12.9 million project cost.
Border States Electric, based in Fargo, N.D., announced an agreement to buy Western Extralite, a Kansas City-based electrical supply company. Both companies are employee-owned, and Western Extralite employees will become employee-owners of Border States Electric.
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