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Nixon making budget cuts after lawmakers enact tax breaks

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Nixon making budget cuts after lawmakers enact tax breaks

JEFFERSON CITY, Mo. (AP) – Gov. Jay Nixon is making more budget cuts after Missouri lawmakers overrode his vetoes on several bills creating new tax breaks. The Democratic governor has scheduled a Thursday afternoon press conference to announce details of the budget cuts. That comes one day after the Republican-led Legislature overrode vetoes of bills […]

Nixon making budget cuts after lawmakers enact tax breaks

JEFFERSON CITY, Mo. (AP) – Gov. Jay Nixon is making more budget cuts after Missouri lawmakers overrode his vetoes on several bills creating new tax breaks.

The Democratic governor has scheduled a Thursday afternoon press conference to announce details of the budget cuts.

That comes one day after the Republican-led Legislature overrode vetoes of bills offering an income tax deduction for federal agricultural disaster aid payments, a sales tax exemption for “instructional classes” such as dance lessons and an income tax deduction for corporations that switch to employee ownership.
Nixon has said the tax breaks could reduce state revenues by more than $60 million annually.

Lawmakers have disputed those estimates.

The new budget cuts will be on top of $115 million of spending that Nixon blocked shortly after the budget took effect in July.

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