By Abigail Shaw, Missouri News Network
JEFFERSON CITY — A Senate bill to reform tax increment financing was heard in the House Downsizing State Government Committee on Monday evening.
Tax increment financing, or TIF, sends the additional property tax revenue generated by a development back to the developer. Effectively a tax break, the incentive reduces the cost of improving a property and is meant to promote redevelopment of blighted areas.
State and Regional News
Bill would make it harder to sue for damages in lawsuits
By Caitlyn Rosen, Missouri News Network
JEFFERSON CITY — People would have a harder time suing for extra financial compensation under legislation that received initial approval in the Missouri House on Monday.
Missouri competing for $1 billion GM plant expansion
By Christina Mascarenas, Missouri News Network
JEFFERSON CITY – Competition for a $1 billion expansion of a General Motors plant in Wentzville has put new urgency behind Gov. Mike Parson’s efforts to get workforce development legislation passed in the final two weeks of the legislative session.
Borrow money to build bridges? Senate said yes, but House isn't so sure
By Anna Lewis, Missouri News Network
JEFFERSON CITY — As representatives grapple with Missouri’s need for bridge funding, they are juggling concerns of infrastructure, debt, traffic and taxes.
The House Budget Committee heard testimony Wednesday on SCR 14, the Senate-approved solution for $301 million in bridge and infrastructure funding in Missouri.
The bill would allow the state to enter into a bond agreement for the sum that would be paid over 7 years depending on if it receives a separate federal grant, according to previous Missourian reporting.
Law enforcement community honors Missouri officers who paid ultimate price protecting fellow Missourians
JEFFERSON CITY – Missouri’s extended law enforcement family gathered in Jefferson City this morning to remember four law enforcement officers who died in the line of duty in 2018. Their names were added to the Wall of Honor of the Missouri Law Enforcement Memorial. Five other Missouri officers who died in the line of duty in the past – one of whom died 124 years ago– were also added to the Wall of Honor.