The Missouri House has passed a $1.2 billion bonding initiative that would finance construction and repairs at public buildings across the state.
The House's 136-23 vote sends the measure to the Senate. But with only one week remaining in the legislative session, the proposed constitutional amendment appears unlikely to win final approval. If it did, the measure would go before voters in 2014.
Supporters cite a backlog of building needs at state facilities and note that low interest rates make this a good time to borrow money.
The Missouri Senate has passed legislation phasing in a potential $700 million income tax cut for businesses and individuals.
The legislation approved 24-9 Wednesday by the Republican-led Senate is intended to counteract a large income tax cut that took effect this year in Kansas. The bill now goes to the House.
It would gradually cut the individual income tax by one-half of a percentage point and the corporate income tax by three percentage points over a decade. But each incremental cut would take effect only if annual revenues rise by at least $100 million.