missouri budge project

Missouri Capitol
File / KBIA

A study by the Pew Charitable Trusts shows that Missouri is in the top ten states when it comes to using cost-benefit analysis of taxpayer money. 

Cost-benefit programs analyze the cost of public programs and the benefits they provide taxpayers.  In short, it’s the study of how much bang taxpayers are getting for their buck. And it can be a very effective tool when drafting new laws or policy.

Governor Jay Nixon vetoed legislation Wednesday that would have cut Missouri’s income tax rates for the first time in 90 years.

The Republican-led General Assembly passed the bill in large part pointing to neighboring Kansas which already has slashed its personal and corporate income taxes.

But as St. Louis Public Radio’s Maria Altman reports, the Democratic governor says the cuts would hurt Missouri education and other state services.

KBIA

Among the many ideas being floated in Jefferson City for next year is a proposal to do away with the state’s income tax.  State Senator Chuck Purgason is sponsoring the legislation.