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Susan Smith-Harmon

Susan Smith-Harmon

Slay to testify on Boeing plant tax incentives

Tuesday, 03 December 2013 02:25 Published in Local News

   St. Louis Mayor Francis Slay will be in Jefferson City Tuesday to testify in favor of tax breaks aimed at luring Boeing's 777X plant to St. Louis.  

   Yesterday, a bill was introduced that would expand state tax credit programs by $150 million for aerospace companies that create at least 2,000 jobs in Missouri.  

   Slay will make the case to a Senate subcommittee that landing the Boeing plant would be good for the St. Louis region and the whole state.  

   Governor Jay Nixon says Missouri is facing a December 10th deadline to submit an offer to Boeing.  

IL gubernatorial candidates differ on pension plan

Monday, 02 December 2013 06:05 Published in Local News

   CHICAGO (AP) — Candidates running for Illinois governor in 2014 have started shaping up their positions on a new pension proposal that lawmakers are expected to consider this week.

   Republican venture capitalist Bruce Rauner said in an email yesterday to supporters that it's the wrong deal for Illinois. He says the savings are insufficient and he doesn't agree with how lawmakers reached the agreement.

   Meanwhile Republican state Sen. Bill Brady says he's in favor. In a statement, he says that it's package of "meaningful reforms" that would strengthen Illinois' fiscal stability. Brady sat on a bipartisan pension panel for months.

   Last week, the state's four legislative leaders announced some details of the deal aimed at solving the state's nearly $100 billion pension crisis. It's estimated to save about $160 billion over three decades.

Study: Airports contribute $11B to Mo. economy

Monday, 02 December 2013 06:01 Published in Local News

   JEFFERSON CITY, Mo. (AP) — A recent Missouri Department of Transportation study estimates that the annual economic output of the state's airport system is $11.1 billion.

   The study examined the nine commercial and 99 public-use airports that the agency supports. Combined, the airports contribute more than 100,000 jobs with a payroll of $3.1 billion.

   Using Federal Aviation Administration guidelines, the study examined direct and indirect impacts. It found that the economic contribution of Missouri airports grew 17.1 percent in the past decade despite the economic recession. The growth was fueled largely by an increase in business activity.

   In 2012, an estimated 6.2 million travelers arrived in Missouri via commercial airports and more than 260,000 arrived on general aviation aircraft.

More information about the Missouri Statewide Airports Economic Impact Study can be found online:  http://www.modot.org/othertransportation/aviation/aviationgeneralinformation.htm

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