Missouri voters reject amendment aimed at shifting away from state taxes
The measure failed with 60.5% voting no, after critics warned it could divert revenue from schools, roads and other state services.
- On Tuesday, Missouri voters rejected Amendment 7, turning down a proposal to create the 'Show-Me Prosperity Fund' designed to eventually replace state taxes through investment earnings.
- Republican state Sen. Adam Schnelting sponsored the legislation, arguing an initial $250 million investment could grow over 125 years to cover state expenses, though critics questioned the long-term viability.
- Unofficial results show the amendment failed with 1,251,889 no votes, or 60.5 percent, and 815,744 yes votes, or 39.4 percent.
- Separately, Missouri voters narrowly approved Amendment 8 on Tuesday, giving county sheriffs constitutional status and limiting removal authority to the attorney general.
- Led by state Sen. Jill Carter of Granby, the four-year effort to enshrine sheriff duties in the Constitution faced opposition over language requiring sheriffs to apprehend 'traitors.
8 Articles
8 Articles
Missouri voters reject proposal to create sovereign wealth fund
Missouri voters rejected Amendment 7 on Tuesday, turning down a proposal to create a state investment fund that supporters hoped could eventually generate enough money to eliminate state taxes. The measure would have established the Show-Me Prosperity Fund, a permanent public endowment overseen by the state treasurer. Lawmakers could have invested state money in the […]
Missouri Amendment 7 weighs future tax relief against spending needs today - KBSI FOX23 News Cape Girardeau News
CAPE GIRARDEAU, Mo. (KBSI) — Missouri’s Amendment 7 proposes creating a permanent investment fund with the goal of eventually replacing state taxes, but a Southeast Missouri State University professor says building it would involve a tradeoff between saving for the future and funding services today. The proposed constitutional amendment would establish the Show-Me Prosperity Fund. It could receive money appropriated...
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