Missouri

Missouri Gov. Jay Nixon said a $1 billion proposed football stadium in St. Louis would not need legislative or voter approval because it would be an economic development project.

Missouri will begin tapping about $300 million in borrowing authority when its sells $60 million of high-grade special obligation bonds Tuesday for renovations to the state capitol and other state and university building projects.

The Missouri Development Finance Board signed off on tax credit allocations to support the state-backed financing plan for a new $1 billion St. Louis Rams professional football stadium.

Moody’s Investors Service downgraded St. Louis one notch.

St. Louis voters Tuesday rejected a $180 million bond measure that the city had promoted as needed to help get deferred infrastructure work completed.

St. Louis is free to spend tax money to fund a new football stadium, according to a St. Louis Circuit Court ruling overturning a city ordinance aimed at requiring such support go to a public vote.

Higher than expected revenues gives Missouri the needed matching funds for federal road dollars in 2017.

St. Louis voters head to the polls Tuesday to decide whether to give the city authority to sell $180 million of debt to finance infrastructure work.

The Metropolitan St. Louis Sewer District's public rate commission is backing the district's proposed rate hike plan and $900 million bond issue.

Airlines that operate at the Kansas City International Airport and a city study group prefer a new terminal to renovations of the existing one.

Most local governments in Missouri face new restrictions on the use of municipal court fines to prop up their budgetary operations, under legislation signed by Gov. Jay Nixon.

Missouri budget director Linda Luebbering, who steered the state through recession while helping maintain its triple-A ratings, will retire August 6.

Moody’s Investors Service has revised its outlook on Kansas City, Missouri’s Airport Enterprise ratings to positive thanks to recent revenue and traffic growth.

Strapped for cash, the Missouri Highways and Transportation Commission is looking to private industry, entrepreneurs, and innovators to come up with ideas to upgrade a stretch of its historic Interstate 70.

St. Louis University is buying SLU Hospital from Tenet Healthcare and transferring it to SSM Health, one of the state’s largest providers.

Six Missouri lawmakers have filed a complaint aimed at preventing Gov. Jay Nixon from tapping revenues that go to repay debt on the St. Louis Rams’ stadium for a new professional football stadium without legislative or voter support.

St. Louis voters will decide in an August ballot measure whether the city should issue $180 million of debt to fund infrastructure improvements.

Springfield, Mo. City Utilities will take competitive bids on $515 million of revenue bonds that will refund bonds from a 2006 issue that funded a coal plant.

Missouri Gov. Jay Nixon has signed off on the bills that make up the state’s $26 billion fiscal 2016 spending plan.

Missouri Gov. Jay Nixon is reviewing the $26 billion fiscal 2016 budget sent to him by lawmakers two weeks ahead of the state constitution’s mandated deadline.