The Distressed Community Tax Force, a sub-committee of the Bi-Partisan Missouri Tax Credit Review Commission, held a forum on Thursday, Nov. 29, in Marshall.
Troy Nash, co-chair of the sub-committee, opened the meeting to the public at the Martin Community Center. Other participants were part of the meeting via conference call.
Nash stated that without a quorum the sub-committee would not be able to vote on the issues at hand.
Sally Hemenway, director of Business and Community Services of the Missouri Department of Economic Development, and Jason Zamkus, director of Legislative Affairs of the Department of Economic Development, spoke about the Rebuilding Communities, Brownfield Jobs Investment, Brownfield Remediation, Distressed Area Land Assemblage, Neighborhood Preservation and New Markets tax credits and any legislative activity related to each.
Testimonies from Ron Monsees, vice president of Advantage Capital Partners, Kathy Green, president of the Marshall Board of Education, and Gary Grigsby, Warrensburg small business owner, were heard.
Green's testimony was questioning if there was any way the tax credits could help build new schools and wants to see the tax credits cut back.
"Speaking from a school board position, we feel that tax credits are way out of control ..." she said. "I would just like to speak to the fact that the schools are starving for revenue sources. The cuts by the state and the federal funding are devastating many schools in our area. ... Seeing the state pouring out tax credits as they do with no real oversight or limits actually make us feel like education is not an important part of the state's overall view of what is a priority."
Grigsby spoke to the sub-commitee and audience about being a small business owner in Missouri.
"We need to assure ourselves that we are stimulating the local economy." he said. "We need to look at the mom and pop organizations and how you can help us get our business healthy again."
Grigsby also spoke about the allocation of funds. He said that education and small business should be focused on.
Members of the sub-commitee are Troy Nash, Launa Gifford, Bill Hall of Kansas City and Sen. Robin Wright-Jones of St. Louis.
Hall and Jones were not part of the conversation and a vote could not be held without the full quorum. No date was set for the quorum to vote on the issues at hand. The topic of the vote was not made clear.
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Missouri Tax Credit Review Commission meeting in Marshall