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News Brief

Jan. 4, 2012MARYVILLE, MO |  By: Wayman

Session Begins

As the new legislative session starts today in Missouri, it could be another tight year budget-wise.

One of the main sticking points during last year's session was tax breaks for businesses and if they should be on the chopping block in order to bring in more money. A recent study by Missouri legislative staff did little to answer how much tax credits help the state. THe legislature's oversight division director Mickey Wilson found there are not adequate state records to judge the benefits of tax credits. He pointed to one multi-million dollar project as an example.

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Missouri gives away more than a half billion dollars per year in tax credits every year for various business and special interest activities. The issue is already being discussed as a talking point this legislative session. More than 150 bills regarding public safety, labor unions, higher education, and other issues have also already been pre-filed.