Payday Loan, Minimum Wage Petition Drives Fall Short

5 years 11 months 1 week ago Wednesday, August 08 2012 Aug 8, 2012 Wednesday, August 08, 2012 5:17:00 PM CDT August 08, 2012 in News
By: Matt Noonan
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JEFFERSON CITY - Despite gathering more than 100,000 total signatures, petition drives to place minimum wage and payday loan initiatives on the November ballot came up short on Tuesday.

According to Missouri Secretary of State Robin Carnahan's web site, in order to appear on the ballot petitions must:

  • Have valid signatures from registered voters
  • Collect the required number of signatures in at least six of Missouri's nine congressional districts
  • The required number of signatures must be at least 5 percent of the total number of voters in the 2008 governor's election

The payday loan initiative fell one district short, collecting the required amount of signatures in five of the nine congressional districts. In district one, the petition fell short by 270 signatures.

The minimum wage initiative fell two districts short, collecting the required amount of signatures in four of the nine congressional districts. In district 1, the petition fell 191 signatures short, and in district 3 it fell 510 signatures short.

If passed, the minimum wage initiative would have raised Missouri's state minimum wage from $7.25 an hour to $8.25 an hour. The payday loans initiative would have capped payday loan interest at 36% annually.

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