Special interest giveaways throw budgets out of balance, reduce state and local revenues by $776 million annually
• Members of the General Assembly failed to account for special interest handouts in the budget sent to the Governor’s desk
ST. LOUIS, Mo. — The special interest giveaways passed in the final hours of the legislative session would reduce state and local revenues by more than $776 million annually, Gov. Jay Nixon announced today. On May 16, the legislature passed more than a dozen special tax carve-outs and loopholes, which were not accounted for in the Fiscal Year 2015 budget passed the week before. As a result, the Governor said, the budget as passed by the General Assembly is out of balance and will need to be corrected.