Economic Development News

Great Legislative Session for the Jefferson City area
Published: Thursday, May 22, 2014
By: Randy Allen, President/CEO

employees and their families are a key to the area’s economic stability and 7% of these reside in in Cole County.

Transportation Funding Ballot Initiative

After many years of debate and hand wringing the Legislature finally approved HJR 68 which would place a 3/4 cent statewide general sales tax on the November 2014 ballot for voters to approve a 10 year plan to improve transportation infrastructure and insure our economic viability. The Chamber worked hard on this issue and believes it is very important for our economic health. Above all,  many thanks to our own Senator Mike Kehoe for his vision and tenacity on this issue. We will be working with the committee tasked with developing the campaign in the coming months to see that the voters are educated on the need and the urgency. Stay tuned!

Education Funding

Approved appropriations bills also include 5%, or $43 million, increase in appropriations for four-year higher education institutions. This will provide $17.6 million for Lincoln University and $4.8 million for Linn State Technical College. Lincoln University will receive $2.8 million from appropriations for the construction of a student recreation center.  K-12 public school districts received a $115 million increase in state aid. This includes our Cole County Districts, Jefferson City, Blair Oaks, Russellville and Eugene.  This increase in funding is in addition to the basic state aid they currently receive.

Other Capital Improvements Projects

House Bill 2021 was approved by both the House and Senate and sent to the Governor. House Bill 2021 appropriates money for capital improvements. In addition to the Lincoln project, this legislation includes $4.5 million for the Missouri State Highway Patrol to replace a vehicle maintenance facility in Jefferson City that was destroyed by fire in early April.

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