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Digging Out of a Hole Going Over a Cliff Missouri Budget & Tax Issues July, 2014 Jay Hardenbrook

Digging Out of a Hole Going Over a Cliff Missouri Budget & Tax Issues July, 2014 Jay Hardenbrook Missouri Budget Project www.mobudget.org. Digging Out of A Hole. FY2015 MO State Budget All Funds. Digging Out of A Hole. Digging Out of A Hole. Digging Out of A Hole.

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Digging Out of a Hole Going Over a Cliff Missouri Budget & Tax Issues July, 2014 Jay Hardenbrook

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  1. Digging Out of a Hole Going Over a Cliff Missouri Budget & Tax Issues July, 2014 Jay Hardenbrook Missouri Budget Project www.mobudget.org

  2. Digging Out of A Hole FY2015 MO State Budget All Funds

  3. Digging Out of A Hole

  4. Digging Out of A Hole

  5. Digging Out of A Hole

  6. Digging Out of A Hole

  7. Digging Out of A Hole

  8. Source: A Shaky Foundation: Missouri Underfunding the School Formula, Missouri Budget Project March 19, 2014

  9. Digging Out of A Hole

  10. Digging Out of A Hole

  11. Digging Out of A Hole

  12. Digging Out of A Hole

  13. Digging Out of A Hole

  14. Digging Out of A Hole

  15. Digging Out of A Hole

  16. Digging Out of A Hole

  17. Digging Out of A Hole

  18. Digging Out of A Hole

  19. Digging Out of A Hole

  20. Digging Out of A Hole

  21. Digging Out of A Hole

  22. Digging Out of A Hole

  23. Digging Out of A Hole

  24. Digging Out of A Hole

  25. Digging Out of A Hole

  26. Going Over a Cliff

  27. Going Over a Cliff

  28. Building the Foundation of a Stronger Future Tax CutsComparing Missouri with Other States Missouri’s Tax Revenues are Lower than Other States • State and Local Revenue: 46th lowest per capita nationally • Income Tax: 25th lowest per capita • Corporate Income Tax: 45th lowest per capita • Sales Tax: 42nd lowest per capita Morgan Quitno State Rankings 2014

  29. Building the Foundation of a Stronger Future Comparing Missouri with Other States Missouri’s Spending is Lower than Other States • State Spending: 43rd lowest per capita nationally • Elementary and Secondary Education: 37th lowest per capita • Higher Education: 44th lowest per capita • Corrections: 47th lowest per capita • Medicaid: Lowest eligibility allowed under federal law for low income parents, can’t earn more than $292 per month for family of three and still qualify for health care Morgan Quitno State Rankings 2014

  30. Building the Foundation of a Stronger Future Source: U.S. Department of Labor, Bureau of Labor Statistics

  31. Building the Foundation of a Stronger Future

  32. Building the Foundation of a Stronger Future What Can We Do? Talk to Your Legislators Talk to Your Neighbors Talk to Your Co-Workers Join the Coalition!

  33. Building the Foundation of a Stronger Future

  34. Building the Foundation of a Stronger Future Questions? Comments?

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