by Michael R. Allen
Tim Logan at the Post-Dispatch reports that Governor Jay Nixon (Democrat) is ready to put tax credit programs under the budget axe. That’s not all bad, of course, but here’s the shocker:
When pressed on what programs he might go after, the governor mentioned historic and low income housing tax credits, both of which are widely used to fund development in the City of St. Louis and its older suburbs. But any specifics would likely need to be negotiated with lawmakers, some of whom have been targeting the historic tax credits program for years.
Of all of the tax credit programs in Missouri, Governor Nixon singles out the two most used in urban areas and one — the historic rehab tax credit — that average people can actually use. Hello?