Mon09012014

Last updateFri, 29 Aug 2014 2pm

State and Regional News

Gov. Nixon vetoes special interest breaks rushed through in the final hours of the legislative session

• Fiscally irresponsible carve-outs were not accounted for in the budget passed by the General Assembly or in the budgets of local jurisdictions they would impact
 
JEFFERSON CITY, Mo. — Gov. Jay Nixon today vetoed legislation containing more than a dozen special breaks and exemptions passed in the final hours of the legislative session.  These special interest carve-outs would reduce state and local revenues by up to $776 million annually and were not accounted for in the Fiscal Year 2015 budget passed by the legislature or in the budgets of the local jurisdictions they would impact.  In a letter addressed to members of the General Assembly, the Governor faulted the legislature for ignoring the legislative process and adding new loopholes to the tax code that will shift a greater tax burden to the majority of taxpayers.

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