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Will this be the year a Missouri gas tax increase proposal passes?


Missourinet
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Will this be the year a Missouri gas tax increase proposal passes?
In this final week of the Missouri Legislature’s regular session, a proposed gas tax hike is expected to jump into the driver’s seat.
The House of Representatives is planning to work on a bill that would gradually raise the user fee by 12.5 total cents over five years. Senate President Dave Schatz, R-Sullivan, is proposing the legislation that includes a rebate option for most drivers who do not want to pay for the amount of the increase.
Photo by Alisa Nelson
Another provision would increase annual fees on electric vehicles by 20% per year over a five-year period. The plan would also create a task force to study the impact electric vehicles have on the state’s transportation funding. ....

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Pandemic hasn't been as bad as expected to Missouri finances


Pandemic hasn t been as bad as expected to Missouri finances
March 12, 2021
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JEFFERSON CITY, Mo. (AP) A year ago, Gov. Mike Parson and other state leaders were bracing for the worst, acknowledging that the coronavirus pandemic could devastate Missouri s finances.
Fewer people working would mean a reduction in income tax revenue. Business closures would affect sales taxes. Lockdowns would keep people from driving, meaning less in motor fuel taxes.
“Is it going to affect the state? Yes,” Parson, a Republican, said in March 2020.
The pandemic has really hurt the state economy and cost thousands of people their lives or livelihoods, but the St. Louis Post-Dispatch reported Friday that the impact has been so much less damaging than expected that Parson freed up the last chunk of money he had cut from the budget in preparation for tough financial times. Unemployment is at 5.7%, which is far better than many imagined, and the state has be ....

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