income

photo of Damon Davis
Jo Vonda Winters

A project designed as a bridge across Delmar Boulevard begins construction this week and should be in place in early February. It's a contemporary concept with a low-tech twist: hand-delivered letters.

The “Wailing Wall,” envisioned by local musician and artist Damon Davis, was chosen last August from among other entries in a contest of ideas to address what’s known as the Delmar Divide. The term refers to income inequality north and south of Delmar Boulevard.

house leaning against dollar
sxc.hu

U.S. households have come a long way in regaining wealth lost in the Great Recession, but the pace of recovery remains uneven largely due to the housing market, say researchers from the St. Louis Federal Reserve.

(via WNYC)

Let's admit it - we all wonder what our neighbors are earning. Or, if our assumptions about what we earn are true.

In a geographical "keeping up with the Joneses" our friends at WNYC have put together this handy map of median household incomes across the United States.

Marshall Griffin/St. Louis Public Radio

Missouri Governor Jay Nixon’s (D) Tax Credit Review Commission has released its revised list of recommendations.

Some of the original recommendations have been scaled back.  The new list calls for shrinking the cap on Historic Preservation tax credits to $90 million, instead of $75 million as proposed two years ago, and reducing the cap on Low Income Housing to $135 million instead of $80 million.  The caps for Historic Preservation and Low Income Housing are currently $140 million and $195 million, respectively.  The new report also drops the recommendation to put expiration dates on all tax credits.

(via Flickr/SodanieChea)

Within approximately the last twenty years, Missouri ranks among the worst states in which the gap between rich and middle-income households has widened.  That’s according to a new report by the Center on Budget and Policy Priorities and the Economic Policy Institute.

As we approach the Thanksgiving holiday, we also take note of the report’s finding in which the gap between the very richest and the poor is even larger with the top 5 percent of Missouri households having an average income 11.7 times that of the bottom fifth.

Take a look at this report from NPR's Planet Money team. How does it compare with your life? Do you spend more on education or health care? What about entertainment? Explore their visual take on the statistics via the link.

(Marshall Griffin/St. Louis Public Radio)

The Missouri House has done an about-face and now wants a joint committee to negotiate a final version of a wide-ranging tax credit bill that has divided the House and Senate throughout the ongoing special session.

House Speaker Steven Tilley (R, Perryville) had suggested weeks ago that a conference committee wasn’t necessary and that any differences on tax credits could be worked out during floor debates.  Senate President Pro-tem Rob Mayer (R, Dexter), meanwhile, had pushed for going to conference because that’s the normal route for reaching compromise on bills.  Tilley says he’s decided to take Mayer at his word.

(via Flickr/jennlynndesign)

Updated 5:14 p.m.

The Missouri House has passed its version of a wide-ranging tax credit bill.

It does not place expiration dates, or sunsets, on historic preservation and low income housing tax credits, as demanded by the Senate.  Instead, House GOP leaders hope to mollify the Senate with a new proposal:  All tax credit programs would come up for review every four years and be subject to a renewal vote by the General Assembly.  The measure is sponsored by House Budget Chairman Ryan Silvey (R, Kansas City).