Tags
Representative Crystal Quade (D) [2018 file photo].
This evening:
Crystal Quade @crystal_quade
Democrat Budget Ranking member @Kip_Kendrick on the revenue estimate #moleg
[….]
5:06 PM – 28 Dec 2018
Representative Kip Kendrick (D) [2018 file photo].
Revenue estimate shows Missouri in for yet another rough budget
The official revenue estimate released today for FY 020 shows Missouri has yet another rough budget year ahead and again proves [the] folly of attempting to tax-cut your way to prosperity. While the estimate reflects an expected $193 million in revenue growth, it is silent on the $320 million in revenue Missouri won’t collect next year due to the next phase of implementing an ill-advised 2014 tax cut [SB 509] As House Democrats warned then, this tax giveaway for [the] rich is resulting in serious consequences for everyone else.
State Rep. Kip Kendrick
House Budget Committee, Ranking Democratic Member
D-Columbia
Everyone knew this over four years ago.
SB 509: the moment when all hope for the future of Missouri died (May 6, 2014)
The final vote to override Governor Jay Nixon’s veto of SB 509. Representative Jeremy LaFaver (D) (left) – bearing witness, Representative Keith English (center) – casting the 109th vote necessary for the override, and Representative Ron Hicks (r) (right) – his escort on and off the House floor. May 6, 2014.
Representative Martha Stevens (D) [2018 file photo].
Kip Kendrick @Kip_Kendrick
Replying to @MBersin @Martha4MO
3 years into 5 year phase in and conservative estimate is $320 million this year. Year 4 and 5 will basically double this year’s cost.
6:13 PM – 28 Dec 2018
What, a $640 million shortfall the year after that?
No hope. It died on May 6, 2014.