Holden Will Propose Tax Increases
Jefferson City, MO – Missouri's budget crisis will apparently include tax increases as a solution.
Gov. Bob Holden is expected to propose some kind of tax increase as part of the budget he'll present to lawmakers on Wednesday.
Republicans who now control the Legislature don't like the idea, but some key GOP leaders have stopped short of making a "no new taxes" pledge.
Holden says the next state budget cannot be balanced with its $1 billion shortfall on cuts alone.
Programming note: You can hear the Governor's budget speech on Wednesday morning live on 90.7 KWMU. Our coverage starts 10:30 AM and will be followed by a special "St. Louis On the Air," which will offer analysis of the speech.