Missouri

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.

Missouri-based BJC Health System sold $200 million of debt to finance various projects including an expansion of its cancer center in St. Louis County in partnership with Washington University School of Medicine.

Kansas City, Mo. will borrow $124 million next week to raise financing needed for its long planned $114 million downtown street car project and restructure debt to give it budgetary breathing room to strengthen its pension funds.

Missouri House members proposed an alternative bonding proposal to one announced by Gov. Jay Nixon to finance a new state psychiatric facility.

The Kansas City, Mo. City council has approved a measure that requires any plan that calls for the demolition and reconstruction of terminals at city-owned airports to go to voters.

A.T. Still University of Health Sciences in Missouri received a first time rating of A3 from Moody's Investors Service.

The public district managing the $380 million renovation of the St. Louis Gateway Arch grounds is selling $56 million of sales tax appropriation bonds for the makeover project.

The Missouri Highways and Transportation Commission has adopted a 20-year construction program to meet a federal planning mandate but warned it can't really afford the plan amid dwindling funding.

Missouri Gov. Jay Nixon proposed a fiscal 2015 budget that would increase education spending $500 million and authorize $200 million in appropriation supported bond borrowing for a mental health facility.

The Missouri Supreme Court upheld a lower court decision dismissing the city of Moberly and its industrial development authority as defendants in a bondholder lawsuit targeting the underwriter of $39 million of city bonds issued for a failed artificial sweetener plant.

Bondholders who took ownership of the St. Louis convention center hotel complex four years ago hope to close next month on the sale of the complex's two hotels in separate transactions totaling about $29 million.