Missouri Governor Jay Nixon’s Tax Credit Review Commission has released its revised list of recommendations. Some of the original recommendations have been scaled back: The new list calls for shrinking the cap on Historic Preservation tax credits to $90 million a year, instead of $75 million, and reducing the cap on Low Income Housing to $135 million instead of $80 million. Former GOP Senator Chuck Gross co-chairs the commission.
Arguments were heard Friday on whether a temporary restraining order should be issued against Missouri Secretary of State Robin Carnahan over language she approved for a ballot initiative regarding health care exchanges. Lt. Governor Peter Kinder and Republican lawmakers say the initiative is designed to block the governor from creating an exchange by executive order.
A researcher at the University of Missouri is trying to find a way to track the most productive cattle to predict future profits. Plus, a quick update on the rise in Missouri’s state revenue last month, and what that might mean for state funding levels.
Missouri’s revenues rose more than expected during the month of May.
The state collected about $6.6 billion in revenue last month, compared to just under $6.4 billion in May of 2011. Governor Jay Nixon’s Budget Director, Linda Luebbering, credits most of the improvement to higher collections of state income and sales taxes.
“That's the good news, things are picking up," Luebbering said. "I think we do have to be cautious, still, because of what’s going on at the national and particularly the international picture, with European Union issues and everything that's going on globally that could have some bearing on the overall economy.”