The Daily Dish – April 26, 2012

Columbia ponders increased use of popular public financing method by Kip Hill, Columbia Missourian  

City Manager Mike Matthes and council members showed a renewed interest in tax-increment financing as a means of encouraging development in the city. This interest follows an ongoing statewide trend. The data also raises questions about whether tax-abatement programs such as tax-increment financing promote favoritism, skew spending priorities and, when overused, erode revenue for cities, counties, schools and other entities that rely on property taxes. 

Mo. House approves new development incentives by The Associated Press

A bill given first-round approval Tuesday by the House would let local governments issue special obligation bonds to help pay for a project. 

Tourism budget takes a cute in Senate by Bob Priddy, Missourinet

Promotion of places to go and things to see in Missouri has taken a hit from the state senate. The senate has cut about 25% of tourism division funding approved earlier in House budget bills. Audio accompanies this article as well. 

Senate OKs funds for raises, higher ed by Rudi Keller, Columbia Daily Tribune 

A group of nine Missouri senators changed the $24 billion state budget for the upcoming year. So much was added to the spending plan that in the end, they admitted that it didn’t balance. The funding for state colleges and universities, however, was kept at its current level and avoided the governor’s cuts. 


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