As executive director of the Southwest Center for Educational Excellence, a consortium of 45 public school districts, private schools, colleges and universities, I feel it is my duty to share some thoughts on Senate Bill 26, sponsored by Sen. Will Kraus of Lee’s Summit.
This bill has passed by a veto-proof margin of 23-11 in the Missouri Senate. According to the Missouri Division of Budget and Planning, S.B. 26 will result in a reduction of $104 million in the state budget in the next fiscal year and an estimated $664 million reduction in five years. Proponents of the bill indicate the reduction in taxes will result in an improved economic and financial condition throughout the state, resulting in increased revenues that will offset these reductions. My question is, what happens if it does not? And what impact do the revenue reductions have on funding of services in Missouri?