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

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Presentation on theme: "Digging Out of a Hole Going Over a Cliff Missouri Budget & Tax Issues July, 2014 Jay Hardenbrook Missouri Budget Project www.mobudget.org."— Presentation transcript:

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

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

9 Digging Out of A Hole School DistrictShortfall per StudentCounty EXETER R-VI$914Barry WHEATON R-III$914Barry PURDY R-II$914Barry SOUTHWEST R-V$912Barry

10 Digging Out of A Hole School DistrictShortfall per StudentCounty ADRIAN R-III$943Bates RICH HILL R-IV$933Bates HALLSVILLE R-IV$915Boone

11 Digging Out of A Hole School DistrictShortfall per StudentCounty MIRABILE C-1$943Caldwell POLO R-VII$941Caldwell HAMILTON R-II$938Caldwell MIRABILE C-1$943Caldwell

12 Digging Out of A Hole School DistrictShortfall per StudentCounty ARCHIE R-V$938Cass BELTON 124$925Cass SHERWOOD CASS R- VIII $922Cass PLEASANT HILL R-III$919Cass RAYMORE-PECULIAR R-II $915Cass

13 Digging Out of A Hole School DistrictShortfall per StudentCounty CLEVER R-V$934Christian SPARTA R-III$927Christian NIXA PUBLIC SCHOOLS $905Christian SPOKANE R-VII$901Christian OZARK R-VI$901Christian

14 Digging Out of A Hole School DistrictShortfall per StudentCounty LIBERTY 53$941Clay SMITHVILLE R-II$910Clay CAMERON R-I$934Clinton PLAINVIEW R-VIII$906Douglas

15 Digging Out of A Hole School DistrictShortfall per StudentCounty SPRING BLUFF R-XV$935Franklin ST. CLAIR R-XIII$926Franklin SULLIVAN C-2$919Franklin NEW HAVEN$902Franklin

16 Digging Out of A Hole School DistrictShortfall per StudentCounty REPUBLIC R-III$906Greene ARCADIA VALLEY R-II$901Iron

17 Digging Out of A Hole School DistrictShortfall per StudentCounty GRAIN VALLEY R-V$957Jackson INDEPENDENCE 30$946Jackson OAK GROVE R-VI$923Jackson LONE JACK C-6$903Jackson

18 Digging Out of A Hole School DistrictShortfall per StudentCounty SARCOXIE R-II$911Jasper WEBB CITY R-VII$907Jasper

19 Digging Out of A Hole School DistrictShortfall per StudentCounty DESOTO 73$943Jefferson GRANDVIEW R-II$934Jefferson HILLSBORO R-III$928Jefferson WINDSOR C-1$924Jefferson FOX C-6$923Jefferson FESTUS R-VI$917Jefferson

20 Digging Out of A Hole School DistrictShortfall per StudentCounty ELSBERRY R-II$948Lincoln WINFIELD R-IV$941Lincoln TROY R-III$937Lincoln SILEX R-I$913Lincoln

21 Digging Out of A Hole School DistrictShortfall per StudentCounty EAST NEWTON CO. R-VI$910Newton WESTVIEW C-6$910Newton BAKERSFIELD R-IV$901Ozark LA MONTE R-IV$901Pettis FAIR PLAY R-II$917Polk PLEASANT HOPE R-VI$912Polk

22 Digging Out of A Hole School DistrictShortfall per StudentCounty WAYNESVILLE R-VI ($$975Pulaski LAQUEY R-V$970Pulaski CROCKER R-II$959Pulaski RICHLAND R-IV$952Pulaski SWEDEBORG R-III$949Pulaski DIXON R-I$940Pulaski

23 Digging Out of A Hole School DistrictShortfall per StudentCounty LAWSON R-XIV$918Ray NAYLOR R-II$926Ripley RIPLEY CO. R-III$904Ripley WENTZVILLE R-IV$904St. Charles CRANE R-III$904Stone MILAN C-2$908Sullivan

24 Digging Out of A Hole School DistrictShortfall per StudentCounty RAYMONDVILLE R-VII$905Texas WARREN CO. R-III$918Warren POTOSI R-III ($978)$978Washington KINGSTON K-14$974Washington RICHWOODS R-VII$966Washington

25 Digging Out of A Hole School DistrictShortfall per StudentCounty FORDLAND R-III$908Webster NORWOOD R-I$904Wright

26 Going Over a Cliff

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28 Building the Foundation of a Stronger Future Tax Cuts Comparing Missouri with Other States Missouri’s Tax Revenues are Lower than Other States State and Local Revenue: 46 th lowest per capita nationally Income Tax: 25 th lowest per capita Corporate Income Tax: 45 th lowest per capita Sales Tax: 42 nd 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: 43 rd lowest per capita nationally Elementary and Secondary Education: 37 th lowest per capita Higher Education: 44 th lowest per capita Corrections: 47 th 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 Missouri IS Outperforming Kansas June 2014 Percent Change NON-FARM PRIVATE SECTOR EMPLOYMENT Kansas1366.31384.7 1.346% Missouri2724.62768.8 1.622% Source: U.S. Department of Labor, Bureau of Labor Statistics

31 Building the Foundation of a Stronger Future

32 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 Questions? Comments?


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