Missouri businesses will have to shell out more money for unemployment taxes next year in order to pay down debt the state owes to the federal government.
Missouri began borrowing federal dollars in 2008 to pay for jobless benefits after an economic downturn drained the state's unemployment benefits trust fund. Brendan Cossette with the Missouri Chamber of Commerce and Industry says that led to the feds levying a surcharge on Missouri businesses to repay the borrowed money.
The Missouri state auditor says dozens of transportation tax districts – including some in Columbia - could owe millions of dollars of fines for not properly reporting their finances. But Auditor Tom Schweich says Missouri law is unclear about who should collect those fines.
A new political group is launching a campaign to persuade legislators to override the governor's veto of a bill that would phase in various income tax reductions. Political activist Rex Sinquefield has contributed $1.3 million to a business coalition that supports a cut in income taxes.
The contribution reported Thursday on the state Ethics Commission website provides the financial foundation for a newly formed committee called Grow Missouri.
Our neighboring city of Independence, Mo., is going green with its lighting over the few years.
At the 81st annual meeting of the U.S. Conference of Mayors in Las Vegas last past weekend, Independence announced its plans to partner with Philips Lighting on an energy and maintenance saving project.
Missouri's Republican-led Legislature put a priority on cutting taxes this year. But the same lawmakers who passed a $700 million income tax cut also approved numerous little-known fee increases.
One of those measures could increase fees on driver's licenses and vehicle registrations, costing Missourians almost $22 million annually. Another bill would impose fees on mailed-in speeding traffic tickets, affecting an estimated 170,000 cases annually.
Missouri lawmakers are looking for ways to collect taxes from some online and out-of-state retailers. State budget officials estimate that Missouri could gain about $10 million annually in tax revenues if legislation filed in both the House and Senate were to pass.
The bills address two areas that traditional retail stores contend put them at a disadvantage. One provision would require Missouri taxes to be collected on out-of-state retailers that personally deliver products like furniture and appliances to Missouri homes.
Missouri's two U.S. senators are taking opposite positions on whether to raise taxes on the wealthy as part of a solution to the so-called fiscal cliff facing the economy.
Democratic Sen. Claire McCaskill said Wednesday that she supports President Barack Obama's insistence that top income-earners should face higher tax rates. But Republican Sen. Roy Blunt said he opposes increasing the tax rates for anyone.
The divide between Missouri's senators is emblematic of the stalemate in Washington.
Missouri casino operators say they should not be solely responsible for boosting funding to state-operated veterans' homes.
Missouri House members have suggested adding $1 to the $2 per-patron entrance fee that casinos already pay the state. Gov. Jay Nixon's administration has said the fresh revenue could provide a dedicated funding source for the seven existing veterans' homes and possibly pay for one more.