Senator proposes constitutional 'Show Me Prosperity Fund' to fund state government from investment earnings A Senate sponsor introduced SJR95, a constitutional amendment proposing a long‑term endowment to be seeded by a one‑time appropriation and grown by compound returns with the eventual aim of replacing state tax revenue; senators pressed for realistic funding and timeline assumptions.

A bold new proposal in Missouri aims to replace state taxes with a "Show Me Prosperity Fund" fueled by investment earnings, but will it truly deliver prosperity or just create budgetary headaches?

Click to read more!

#MO #MissouriFinance #CitizenPortal #InvestmentStrategy #FiscalResponsibility

Finance committee reviews parameters resolution for remaining $180M in voter-approved bonds Treasurer described a parameters resolution that would set guardrails for selling the remaining $180 million from the 2025 voter-approved bond issue; staff said the sale will be discussed Thursday as a standalone decision item and is meant to secure best value for the district.

The finance committee is gearing up to sell the last $180 million from a voter-approved bond, aiming for maximum value—don’t miss what’s next!

Learn more here

#MO #MissouriFinance #CitizenPortal #CommunityInvestment #PublicFunding #BudgetTransparency

LSR‑7 finance committee flags tax‑timing shortfall, approves large fund transfer and considers refunding that mostly benefits UCM The district reported a significant Fund 1 revenue shortfall tied to delayed Jackson County tax receipts and senior tax credits, moved $4.82 million from Fund 1 to Fund 2 to cover expenses, and discussed refunding 2016 certificates of participation that would save about $629,000 but be cost‑neutral to the district due to UCM cost offsets.

The Lee's Summit R-VII finance committee has approved a staggering $4.82 million fund transfer to tackle looming budget shortfalls caused by delayed tax receipts and senior credits.

Get the details!

#MO #BudgetTransparency #TaxRevenueIssues #EducationFunding #CitizenPortal #MissouriFinance

CFO presents early FY26 revenue shortfalls, Prop S encumbrances and audit corrective actions CFO Kimberly Johnson briefed the committee on a new revenue vs. actuals report for early FY26, reporting about 5.1% of projected revenue realized to date and presenting Prop S encumbrance and spending details for the March 2025 $25 million tranche. Johnson also summarized corrective actions addressing four audit findings and staff discussed planned

CFO Kimberly Johnson reveals early fiscal year 2026 challenges, including a concerning 5.1% revenue realization and critical updates on Prop S spending and audit corrections.

Get the details!

#MO #BudgetTransparency #CitizenPortal #MissouriFinance #FiscalResponsibility #AuditCorrectiveActions

School Board projects fund balance drop amid rising expenses and uncertain revenue Board anticipates closer to 26% fund balance amid significant expense increases and revenue delays.

The LSR7 Finance Committee has raised red flags over a projected plunge in fund balances, forecasting a drop to 26% amidst rising expenses and uncertain revenue.

Click to read more!

#MO #BudgetTransparency #CitizenPortal #MissouriFinance #FinancialStability #EducationFunding

Missouri General Assembly enacts major reforms for financial organizations under House Bill 754 General Assembly approves significant changes to financial organization regulations with new sections.

Missouri's General Assembly just unveiled groundbreaking reforms to financial organization regulations that could reshape the industry!

Click to read more!

#MO #MissouriFinance #PolicyChanges #FinancialRegulations #CitizenPortal #GovernmentReform

Missouri Commerce Department allocates $11.7M for finance oversight and licensing Missouri allocates $11.7M for finance department operations, mortgage licensing and trust oversight.

Missouri's new House Bill 7 is set to allocate $11.7 million for crucial financial oversight, stirring debates on its impact and efficiency in a rapidly evolving economic landscape.

Read the full story

#MO #EconomicStability #CitizenPortal #MissouriFinance #FinancialRegulation