A Missouri Senate committee is set to review the state's numerous tax credit programs and their impact on the state budget.
The Senate Appropriations Committee scheduled a hearing Monday on tax credits before it takes up Gov. Jay Nixon's proposed budget for the 2014 fiscal year.
The 61 tax credit programs currently offered by Missouri cost the state nearly $630 million in the latest fiscal year. Last week, the Senate approved another one, with an estimated yearly cost of $3 million, to attract amateur sporting events to the state.
Missouri Gov. Jay Nixon wants to expand subsidized child care to more than 2,800 children whose parents are gradually moving up the pay scale at work.
Nixon's proposed budget includes a $6.3 million funding increase for what's described as "transitional child care." The money would allow low-income parents who get raises to continue receiving a reduced child care subsidy instead of losing the aid altogether.
Governor Jay Nixon pitched a nearly $26 billion budget to the state of Missouri during Monday night's State of the State Address. It includes spending increases for K-12 schools, higher education, and the proposed Medicaid expansion he’s been calling for since late November.