Missouri

The trustee for the bondholder-owned St. Louis convention center hotel complex plans to distribute on June 20 $32 million in funds to holders of $98 million in bonds, most of it coming from the newly-closed sale of the hotel.

Missouri Gov. Jay Nixon issued a proclamation setting the vote on a ballot question to amend the state constitution raising the sales tax to fund transportation projects for the Aug 5.

A not-for-profit St. Louis group raised the possibility of referendum drive to try to challenge the Legislature's override of Gov. Jay Nixon's veto of an income tax cut.

The St. Louis Board of Aldermen signed off on an amended redevelopment agreement related to the city's bondholder-owned convention center hotel complex that helps clear the path for the complex's sale.

Missouri lawmakers wrapped up a busy 2014 session after passing income tax relief and overriding a veto, adopting a new fiscal 2015 budget, authorizing $600 million in borrowing, and sending to the ballot a sales tax hike for transportation.

A sales tax hike in Missouri to bolster transportation funding is headed to the November ballot.

The Missouri Highways and Transportation Commission hits the market next week with a $900 million refunding as it awaits legislative word on whether a sales tax hike to ease its funding crunch will go to voters this fall.

A declining number of Midwestern high school graduates is adding to already highly competitive environment further straining the region's small colleges, according to Moody's Investors Service.

The University of Missouri Board of Curators will offer up high-grade paper early next week in a nearly $300 million revenue-backed issue to refund existing debt and pay off commercial paper.

Kansas City International Airport should build a new state-of-the-art central terminal to replace its existing three, a special mayoral advisory group recommended Wednesday.

Missouri's Republican-led Legislature overrode Democratic Gov. Jay Nixon's veto of a $620 million tax relief package, ignoring his warnings that it could jeopardize the state's top credit marks.

The Missouri Senate on Monday overrode Gov. Jay Nixon's veto of a $620 million income tax cut. A vote in the House is next.

The Missouri Senate has approved a measure sending to voters a sale tax hike to fund transportation projects.

Missouri Gov. Jay Nixon is warning that the Legislature's $620 million tax cut legislation could end up costing the state more than $4.8 billion in revenue.

St. Louis-based SSM Health Care heads into the market Wednesday with a $260 million sale that represents one piece of a roughly $1 billion debt restructuring aimed at streamlining and trimming the system's annual interest costs.

Kansas City, Mo. voters on Tuesday authorized $500 million in water-revenue bond borrowing and city charter changes that will impact city financial planning.

The Missouri House approved placing on the November ballot a 1 cent sales tax increase to fund transportation projects.

A closing date for the proposed $29 sale of the St. Louis convention center hotel complex is scheduled for April 15, but the bond trustee cautions that it's not yet a done deal.

Legislation that authorizes up to $600 million in revenue-backed borrowing for public university and state buildings in Missouri is headed to the House after Senate passage.

Plans for major terminal overhauls are afoot for airports at Kansas City and Des Moines where officials are promoting the need to modernize the air fields to meet current and future aviation demands.