Lawmaker: State error will cost taxpayers this spring

1 year 1 month 1 week ago Wednesday, January 09 2019 Jan 9, 2019 Wednesday, January 09, 2019 11:37:00 AM CST January 09, 2019 in News
By: Tana Kelley, KOMU 8 Reporter
loading

JEFFERSON CITY – Missourians may see a bill instead of a refund this tax season, after a mistake made by the state.

The mistake has to do with withholding charts, and it turns out, they weren’t taking enough money out of everyone’s incomes each month.

Missouri’s tax revenues decreased 2.9 percent for the first half of the fiscal year, from July through December 2018.

State Budget Director Dan Haug told the AP that this will change once people file tax returns this spring.

Rep. Kip Kendrick, D-Columbia, a member of the Missouri Budget Committee, said there will be a noticeable change.

“The withholding tables being off is really going to impact our budgeting year as well. Fiscal year 20, the revenue estimate is 198 million dollars in growth over the previous year,” Kendrick said.

However, he said that Missourians are really going to be affected.

“The lack of communication on the changes to withholding tables and really getting that information out to citizens is going to leave a lot of people surprised come mid-March through April,” Kendrick said.

He said the revenue drop could also be because of a layering of tax cuts phased in over the years, like the 2014 tax cut.

“It’s going to be the 3rd year of the 5-year phase and it’s going to cost us $320 million in FY20 alone so while we are growing 198 million, we could’ve grown over 500 million potentially in revenue, had that major tax cut not been implemented,” Kendrick said.

Kendrick said that being on the budget committee shows him how many priorities go under-funded each year.

“We support education, we support health care, we support infrastructure we just need to make sure we have the funding to be able to appropriately build upon the success we’ve had in those areas,” Kendrick said.

Meanwhile, Kendrick said they are pushing a bill in the legislative session that would help. He said it would delay payment without any penalties for people who are going to owe taxes.

Brian Colby, the Policy director at Missouri Budget Project, said this is unfortunate but not surprising.

"Unfortunate that this happened and the state legislatures need to be careful when making changes to tax law," Colby said. "Tax policy is difficult to get right, there are unexpected consequences."

More News

Grid
List
JEFFERSON CITY — Former U.S. Attorney General and former Missouri governor John D. Ashcroft is defending current Attorney General William... More >>
4 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 8:10:00 PM CST February 17, 2020 in News
A new study shows a substantial number of young adults are starting college feeling depressed or anxious. The study... More >>
5 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 7:45:00 PM CST February 17, 2020 in News
COLUMBIA - Boone County Officials announced their plan on Dec. 5 to transfer ownership of the Boone County Fairgrounds to... More >>
5 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 7:24:00 PM CST February 17, 2020 in News
JEFFERSON CITY, (AP) — Missouri is the only state without a statewide database to track prescription opioids, and it's unclear... More >>
7 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 5:17:00 PM CST February 17, 2020 in News
ASHLAND - Ashland chief of police Lyn Woolford has filed a lawsuit against the city of Ashland and its mayor,... More >>
8 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 4:47:00 PM CST February 17, 2020 in News
JEFFERSON CITY - A new Missouri Senate bill would require judges to have hearings to certify whether or not to... More >>
8 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 4:02:00 PM CST February 17, 2020 in News
TUSCUMBIA, Mo. — A former seventh-grade teacher in central Missouri has been sentenced to 20 years in prison for providing... More >>
9 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 3:49:00 PM CST February 17, 2020 in Continuous News
COLUMBIA - Columbia City Council is meeting Monday afternoon to discuss new polices on trash pickup. During their Pre-Council,... More >>
9 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 3:21:00 PM CST February 17, 2020 in News
FERGUSON (CNN) - An off-duty Ferguson police officer was shot multiple times when he confronted a shoplifter at a Walmart... More >>
10 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 2:42:00 PM CST February 17, 2020 in News
JEFFERSON CITY - Medicaid enrollment in Missouri has both lawmakers and citizens concerned. The state has dropped more than... More >>
10 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 2:29:00 PM CST February 17, 2020 in News
JEFFERSON CITY, Mo. (AP) — A former Missouri State Highway Patrol trooper who was driving a boat when a... More >>
12 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 12:21:00 PM CST February 17, 2020 in News
COLUMBIA -- A man charged with shooting at an Ashland Police officer will be going to court tomorrow on charges... More >>
14 hours ago Monday, February 17 2020 Feb 17, 2020 Monday, February 17, 2020 10:28:00 AM CST February 17, 2020 in News
HOUSTON - After a week-long run of dominance, the St. Louis Battlehawks' all-time franchise win percentage dropped 50 points on... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 8:05:00 PM CST February 16, 2020 in Sports
NASHVILLE - After gathering a loose puck along the left boards of his offensive zone, Predators center Kyle Turris worked... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 8:01:00 PM CST February 16, 2020 in Sports
JEFFERSON CITY - Members of the National Federation of the Blind of Missouri will spend two days at the capitol,... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 7:34:00 PM CST February 16, 2020 in News
COLUMBIA – Members of Rock Bridge High School’s Students Demand Action group hosted a forum Sunday where local leaders answered... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 7:07:00 PM CST February 16, 2020 in News
LACEDE COUNTY- One teen died and three others suffered injuries in a single-car-accident Saturday afternoon. The driver of the... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 5:48:00 PM CST February 16, 2020 in News
VIENNA- On Thursday, February 13, Task Force Officers, Vienna Police Department, and the Maries County Sheriff’s Office executed a search... More >>
1 day ago Sunday, February 16 2020 Feb 16, 2020 Sunday, February 16, 2020 4:43:00 PM CST February 16, 2020 in News
Columbia, MO
Broken Clouds 43°
1am 39°
2am 38°
3am 35°
4am 33°