Governor Jay Nixon vetoed 33 bills during the 2014 legislative session. Ten of those bills, which his administration calls “#FridayFavors”, were vetoes of tax break bills that could reduce state and local tax revenues by more than $776 million annually, $425 million of that at the state level.
These tax breaks are good for corporations and bad for schools. TWEET THIS
Businesses would save $425 million in tax deals, while schools, which rely heavily upon Missouri General Revenue, would see a reduction of around $119 million in funding. Urban and rural schools, which traditionally see lower levels of local funding, would be among the hardest hit by the Friday Favors. TWEET THIS
The Kansas City Star calls the tax breaks unwise, explaining their risk to schools:
“It would be unwise to slash into revenues so deeply that it threatened funding for public schools, universities and services for six million residents.”
The Star is not alone in its concern about tax breaks that would reduce state-level funding for education. Missouri Budget Director Linda Luebbering told KOMU News:
“This is very significant from the standpoint that you have to reduce services and programs in order to make up for that loss. The biggest single beneficiary of state general revenue is K-12 education.”
Legislators will reconvene on September 10th in veto session for a chance to override Gov. Nixon’s vetoes. If you’re concerned about funding for Missouri’s schools, reach out to your representative immediately. Let him or her know that your child’s education should be a higher priority than saving a fast food chain or other large corporation a few dollars in state taxes.
photo credit: nicolasnova via photopin cc
Posted on Tue, September 2, 2014
by MOParent filed under