St. Louis Public Radio on Marketplace
Tue September 6, 2011
Popular Mo. historic tax credit faces budget ax
As today marks the beginning of this year's special session in the Missouri legislature, this story from our own Adam Allington, which aired on Marketplace yesterday is especially pertinent.
So far, 2011 has turned out to be a very tough budget year for states -- even by the standards of the last few years. The combination of a soft economy and the end of federal stimulus programs has left states with no choice but to cut back on some key services.
In Missouri, lawmakers are weighing cuts to a program that provides tax credits to refurbish historic buildings. Some are concerned that ending those credits will lead to even more job cuts.
Historic Preservation tax credits