Gov. Nixon in Columbia to Discuss Special Tax Breaks

3 years 1 month 4 weeks ago Wednesday, June 18 2014 Jun 18, 2014 Wednesday, June 18, 2014 8:16:00 AM CDT June 18, 2014 in News
By: Julia Avery, KOMU 8 Reporter
loading

COLUMBIA - Missouri Gov. Jay Nixon has been travelling the state to discuss his decision to veto legislation containing special tax breaks and exemptions for businesses. Wednesday morning, he visited Columbia for a round-table discussion with mid-Missouri officials at the Boone County Commission Chambers.

The General Assembly passed the special tax breaks and exemptions during the 2014 legislative session. The Governor vetoed them last Wednesday. In total he vetoed 10 bills dubbed "Friday Favors."

Matt Wills, executive director of the Missouri Republican Party, said, "Jay Nixon must be confused in his objections to what he calls the 'Friday Favors.' Just last year, he called legislators back into session to pass tax breaks and incentives for his hand picked special interest."

The governor said the provisions in the bills would reduce state and local revenues by up to $776 million annually. Most of the provisions, he said, would impact sales tax collections and therefore would significantly reduce local tax revenues that support police, fire, ambulance, emergency services, parks and other public services provided at the local level. 

At the meeting, the City of Columbia officials said 90 percent of the city's revenue comes from sales tax and 70 percent of Boone County revenue comes from sales tax. 

Nixon told city and county officials, "Your jobs are hard enough without Jefferson City folks coming in and pulling the rug out from underneath you."

Nixon said he estimates that each year in the future, Columbia would lose $5.7 million in sales tax revenue and Boone County would lose $4.6 million. He said those may be conservative estimates.

"We all know sales tax continues to lag behind other economic indicators," Nixon said. He continued, "And one of the reasons is there's all of these hundreds of exemptions and sales tax breaks that keep blowing it up. Adding these makes it even harder."

Wills does not agree with what Nixon is doing. Willis said, "Jay Nixon has made it a habit to barnstorm the state, on the taxpayer dime no less, to offer failed partisan rhetoric on lower taxes for all Missourians. This governor has been the absentee governor to the legislature."

Decisions will be made further at the veto session the second week of September. 

More News

Grid
List
COLUMBIA - KOMU 8 News sat down Wednesday with University of Missouri political science professor Cooper Drury to get an... More >>
6 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 8:36:00 PM CDT August 16, 2017 in News
SEDALIA - The total solar eclipse will attract huge crowds to mid-Missouri, but the last time there was a massive... More >>
7 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 7:35:00 PM CDT August 16, 2017 in News
COLUMBIA - Police released the results of an autopsy investigation following the death of a 4-year-old boy in May, ruling... More >>
10 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 4:15:00 PM CDT August 16, 2017 in Continuous News
COLUMBIA - Local healthcare providers and state representatives met at a town hall Wednesday to discuss fallout from Gov. Eric... More >>
10 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:58:00 PM CDT August 16, 2017 in News
COLUMBIA – Ameren Missouri looked to educate the Columbia Fire Department about natural gas and how to find signs of... More >>
11 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:18:00 PM CDT August 16, 2017 in News
JEFFERSON CITY - Federal prosecutors announced Wednesday a Columbia man pleaded guilty for his role in a plan to smuggle... More >>
11 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 3:10:40 PM CDT August 16, 2017 in News
COLUMBIA - Several of Missouri's legislators responded Wednesday to the violence from Charlottesville over the weekend. KOMU 8 News... More >>
13 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:24:00 PM CDT August 16, 2017 in News
ST. LOUIS (AP) — The nation's largest pharmacy benefit manager will soon limit the number and strength of opioid... More >>
13 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:15:51 PM CDT August 16, 2017 in News
LADDONIA - Water issues have recently erupted for the around 500 residents of the small town of Laddonia in... More >>
13 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 1:01:00 PM CDT August 16, 2017 in News
ST. LOUIS (AP) — A black firefighters organization has settled its 2015 lawsuit against the city of St. Louis over... More >>
14 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 12:06:55 PM CDT August 16, 2017 in News
JEFFERSON CITY – The Missouri Public Service Commission denied grant approval of the Grain Belt Express Clean Line that would... More >>
15 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 11:35:00 AM CDT August 16, 2017 in News
COLUMBIA - Policies for prep sports in Missouri are among the safest in the country, according to a new report... More >>
15 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 11:05:00 AM CDT August 16, 2017 in Continuous News
CREVE COEUR (AP) — With his suburban St. Louis meeting with the Israeli ambassador as a backdrop, Missouri's first Jewish... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:57:00 AM CDT August 16, 2017 in News
FULTON - The President of William Woods University announced Wednesday that the university's main campus in Fulton will be closed... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:40:00 AM CDT August 16, 2017 in Eclipse Impact
COLUMBIA - Police officers responded to a report of a shooting on Greensboro Drive around 11:30 p.m. Tuesday. Officers... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:18:00 AM CDT August 16, 2017 in News
COLUMBIA — Two organizations will host a town hall on Wednesday to discuss the impacts of Gov. Eric Greitens' veto... More >>
16 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 10:10:00 AM CDT August 16, 2017 in News
JEFFERSON CITY, Mo. (AP) — Missouri Treasurer Eric Schmitt says he's backing fellow Republican Attorney General Josh Hawley to run... More >>
17 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 9:41:00 AM CDT August 16, 2017 in News
ST. LOUIS (AP) — Authorities say a woman has been arrested on charges of embezzling more than $2 million while... More >>
17 hours ago Wednesday, August 16 2017 Aug 16, 2017 Wednesday, August 16, 2017 9:25:45 AM CDT August 16, 2017 in News
Columbia, MO
Broken Clouds 68°
3am 67°
4am 67°
5am 68°
6am 72°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
Today
3:00a
Mad Money
4:00a
Early Today
2:30a
Paid Program
3:00a
Paid Program
3:30a
Paid Program

Tonight's Schedule

7:00p
The Wall
8:00p
Saturday Night Live
8:30p
Great News
9:00p
The Night Shift
7:00p
Penn & Teller: Fool Us
8:00p
Whose Line Is It Anyway?
8:30p
Whose Line Is It Anyway?
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld