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University Relations

University Relations. Board of Curators Academic, Student and External Affairs Committee June 14, 2013. University Relations. John Fougere Chief Communications Officer. Show Me Value Tour: Farmington/Lebanon. 600+ 8 th and 9 th grade students Chamber of Commerce roundtables

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University Relations

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  1. University Relations Board of Curators Academic, Student and External Affairs Committee June 14, 2013

  2. University Relations John Fougere Chief Communications Officer

  3. Show Me Value Tour: Farmington/Lebanon • 600+ 8th and 9th grade students • Chamber of Commerce roundtables • Business tours • PlayPower/Little Tikes Commercial • Independent Stave Company Wolfe with Farmington Mayor Mit Landrum and Mineral Area College President Steven Kurtz

  4. 2013 Legislative Session 1,653 bills and resolutions filed Operating Budget • $395M for UM in FY14 • (Includes $1M for large animal vet program at MU) • $12.4M in additional performance funding available for UM • $10M for MU School of Medicine and Springfield cooperative program State Revenues Strong • Up 10% to date over last year 177

  5. Legislation Passed in 2013 • Extension Districting • Sunshine Law - Signed by the Governor on May 31 • Second Amendment Preservation Act • Telehealth • Amateur Sporting Event Tax Credit -- Signed by the Governor on March 29

  6. Tax Reduction Bill – HB 253Vetoed by the Governor June 5 Highlights: • 0.5% individual income tax cut; 3% corporate income tax cut • 50% business income deduction • Includes trigger for some cuts based on previous year revenues • Includes tax amnesty, Streamlined Sales and Use Tax • Potential shortfall in GR of $800M - $1.2B Reasons Governor vetoed: • Missouri is already a low tax state • Loss of revenue would harm education, higher education, other services • Increases taxes on prescription drugs, textbooks

  7. Legislation Not Passed, Likely to Return in 2014 • Medicaid Expansion • Tax Reform • Sales Tax Increase for Transportation • Energy Policy • Higher Education Bonding • Higher Ed Funding Formula

  8. Federal Relations • Student Loan Interest Rates • Federal interest rate for undergrads set to increase from 3.4% to 6.8% on July 1 • HR 1911 passed U.S. House on May 23 • Places interest rates to the 10-year Treasury Note, plus a specified markup and includes a cap • The terms of student loans under this proposal are variable, not fixed • U.S. Senate has not considered a stand-alone bill yet Senator McCaskill held a roundtable discussion with 15 MU students on May 30 in Columbia

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