Well, a bunch of conservative politicans opposed on principle to tax credits has taken to dismantling Missouri's most successful economic development program in decades. These politicians would rather fuel the flames of urban resentment across the state than admit to the fact that dozens of counties and municipalities across the state have benefited from the tax credit. Don't believe me that it's a clear statement against Missouri's often maligned cities?
Read this piece of the proposed legislation:
The department of economic development is required to limit tax credit authorizations for St. Louis and Jackson Counties, and the City of St. Louis to the percentage of each fiscal year's allocation that each such city or county bears to the state's population.
The wording makes clear that outstate politicians are angry that the cities have so benefited from this tax credit. Their proposed legislation would limit the tax credit to 50 million dollars annually, and to phase the credit out by June 30, 2011.
Several urbanists are getting together to protest this proposed amendment to this highly successful tax credit on the steps of the state capitol in Jefferson City. Read more about that event over at Vanishing STL--and please, if you can, attend. This tax credit is too important to the future of St. Louis and the economy of the state as a whole.
If you need some numbers and some evidence of the tax credit's effect on St. Louis specifically, the Post-Dispatch Editorial Board has written an excellent piece on the need to wage an all out war to save the tax credit. Cliche as it may be, St. Louis's future may depend on it.
The P-D is correct; it is definitely time to mobilize.