Nixon’s Budget Director Calculates Cost Of Targeted Sales Tax Cuts

Gov. Jay Nixon’s administration predicted that if all eight tax cut bills passed on the General Assembly’s last day go into effect, Missouri government could lose just over $425 million a year — and counties, cities and special districts could lose another $350 million each year in sales tax income. State Budget Director Linda Luebbering said each local government is impacted differently, depending on the amount of sales taxes voters have approved for them to collect. A spokeswoman said Nixon will go to St. Louis and Kansas City today to discuss “the fiscal impact of the special interest exemptions and giveaways passed by the General Assembly on the final day of the legislative session.”

Read more from the Jefferson City News-Tribune


Tags:, , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students