Governor Kehoe recently announced that Missouri expects a $1 billion shortfall in general revenue in FY 2027. This shortfall is expected mostly because of the implementation of previously passed tax cuts. COVID-related savings temporarily masked the shortfall, and this budget gap has grown as state legislators continued to approve additional tax cuts. The recently passed federal budget cuts will magnify this gap. Over the past five years, extraordinary federal funds designed to address the he...| Missouri Budget Project
The recently passed budget reconciliation bill prioritizes tax cuts and expands loopholes for the wealthy and corporations while cutting more than $1 trillion from Medicaid and food assistance – all while adding $3.4 trillion to the national deficit. This legislation leaves hardworking Missouri families behind by providing only modest, temporary tax reductions that are outweighed by the loss of health coverage, food assistance, and other critical benefits – while permanently expanding loo...| Missouri Budget Project - Shaping Policies. Creating Opportunties.
Medicaid (called MO HealthNet in Missouri) and the Supplemental Nutrition Assistance Program (SNAP) help keep Missourians and their families healthy and fed, so they can work, succeed in school, and contribute to their communities. But recently passed provisions included in the final budget reconciliation bill (OBBB) amount to the largest cuts to Medicaid and SNAP in history and would take health coverage and food assistance away from Missourians, shift costs to states, and make life harder...| Missouri Budget Project
The Family Medical Leave Act (FMLA) of 1993 was a critical step forward in supporting families. FMLA provides job protections for millions of workers who need to take time off to bond with a child, care for an aging parent or recover from a serious illness. However, because FMLA only guarantees unpaid time off, it is only truly accessible to those who can afford to forgo their paychecks. This means that many Missourians must continue working, leaving them unable to fully recover from childbir...| Missouri Budget Project
During the 2025 State Legislative Session, lawmakers passed House Bill 594, which exempts capital gains from income tax, making Missouri the only state in the nation that levies an individual income tax that does not also tax capital gains.[i] Capital gains are income generated from the profits individuals and businesses make on stocks, cryptocurrencies, real estate and other valuables. The exemption is expensive and will reduce state general revenue by at least $341 million and likely in exc...| Missouri Budget Project