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The proposed constitutional amendment gives lawmakers five years to expand transaction-based taxes to make up for revenue lost by eliminating the state income tax.
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The resolution now goes back to the Missouri House. If the House passes the Senate version, it will appear on a ballot in a future election.
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Missouri's legislature is debating a proposal that would gradually eliminate the state's income tax and allow the legislature to hike or expand sales taxes. Economists warn it could add a financial burden to people who can least afford it —and mean less money for schools and transit.
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The state of Kansas will likely pay between $3-4 billion in taxpayer money to move the Kansas City Chiefs across state lines. While the new stadium will definitely generate new economic activity, the project's success may depend on local cities participating in the STAR bond district.