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JEFFERSON CITY, Mo. (AP) - Missouri senators have passed legislation offering up to $1.7 billion of incentives over two decades for Boeing to assemble a commercial airplane in St. Louis.
Senators passed the bill 23-8 Wednesday while meeting in a special session called by Gov. Jay Nixon. It now goes to the House.
Missouri is one of more than a dozen locations invited by Boeing to bid on assembling the new 777X airplane.
Most other states are crafting their proposals privately. But Nixon called a special session because he wanted to offer more incentives than currently allowed under state law.
Under Missouri's plan, the amount of incentives Boeing gets would depend on the number of jobs created.
Supporters say the Boeing project includes 2,000 to 8,000 company jobs, plus thousands of more at its suppliers.
SPRINGFIELD, Ill. (AP) - A bipartisan committee of lawmakers has approved a plan to deal with Illinois' $100 billion pension problem. The measure now moves to the House and Senate for consideration.
The Associated Press confirmed with six members of the 10-member panel that they had signed the measure Monday after arriving in Springfield for a special session.
Leaders announced the plan last week. It comes nearly five months after a special committee was formed to tackle the problem.
The proposal pushes back workers' retirement age on a sliding scale, has a funding guarantee, adds a 401k-style option and reduces the employee contribution.
It also would replace the current 3 percent annual cost-of-living increases. Retirees would continue to receive that rate up to a certain amount of annuity payments, based on years of employment.
SPRINGFIELD, Ill. (AP) - The Illinois Senate adjourned its fall session today without voting on tax breaks for Archer Daniels Midland Company or the newly merged OfficeMax and Office Depot.
Sen. Tom Cullerton is sponsor of the bill to give up to $53 million in tax breaks to Office Depot Inc., which emerged from the merger of Naperville-based OfficeMax and Florida-based Office Depot.
He expects lawmakers will return to Springfield in December to deal with the state pension crisis. Cullerton says some legislators wanted to wait to give out tax breaks until after they'd passed pension reform.
Sen. Andy Manar is sponsor of the ADM bill. He says he feels progress has been made on the $30 million ADM bill.
The incentives are aimed at getting the companies to keep their headquarters in Illinois.