State senators plan to investigate an unfulfilled central Missouri project that used public incentives and was to employ several hundred people to manufacture artificial sweetener.
The project by Mamtek U.S. Inc. was backed by $39 million in industrial development bonds issued by Moberly, and the state offered more than $17 million worth of incentives. But the plant remains under construction, Mamtek has laid off its employees and the company missed its first bond payment.
Lawmakers have left Jefferson City and are not scheduled to return, even though the special session is still officially underway. House and Senate leaders are still at odds over a wide-ranging tax credit bill.
The only legislative action so far this week was Monday’s technical session in the Missouri Senate, in which two Senators gaveled the chamber in, took no action, then gaveled out about a minute later. The House is scheduled to hold a similarly brief session on Thursday.
Missouri Governor Jay Nixon (D) met with reporters at the State Capitol today to discuss the latest developments with the special legislative session. He also commented on the Mamtek controversy that has damaged the financial status of the small town of Moberly and caused some legislative leaders to question whether parts of the tax credit bill could wreak the same havoc.
You can listen to the entire news conference by clicking on the word "listen" above.
The special legislative session in Missouri did not come to an end today, despite warnings from House and Senate leaders that they would go home if an agreement on a wide-ranging tax credit bill wasn’t reached by today's adjournments.
Instead, both chambers will hold technical sessions, where just a handful of lawmakers gavel in for a few minutes and then adjourn. Senate President Pro-tem Rob Mayer (R, Dexter) says his chamber will only meet in technical sessions until an agreement is reached on tax credits, or until time runs out in early November, whichever comes first.
Missouri lawmakers have quit working this week without agreeing on the details of a bill overhauling Missouri's tax credits and business incentives that had been touted as the marquee issue of a special session that began Sept. 6. There seems to be little chance of resolving the stalemate, but the two chambers did agree to keep the special session going in case a compromise can be reached later.