- Cape student sues, accuses school officials of slamming her to ground multiple times (04/28/16)42
- Bob Evans restaurant in Cape Girardeau among chain's 21 closings (04/26/16)9
- Missouri House votes to allow concealed weapons without permits (04/28/16)6
- Two hurt in motorcycle wreck on Interstate 55 (04/25/16)1
- Law firm requests information about Cape's traffic cameras (04/25/16)2
- Local lawmakers split over failed medical marijuana bill; voters may have a say (04/26/16)19
- Police report filed, but no charges in incident at Cape Central (04/29/16)31
- Tanker truck catches fire near Oak Ridge (04/24/16)7
- Local company makes eco-friendly kitty litter that cuts cat-box smell (04/25/16)
- Senator introduces bill for I-57 that would connect Sikeston with Little Rock (04/28/16)4
Missouri highway chief says tax money declining
JEFFERSON CITY, Mo. (AP) — Missouri's highway funding has hit a pothole.
The director of the Missouri Department of Transportation says revenues are down almost 5 percent through the first four months of the fiscal year. That amounts to a more than $18 million decline.
If that trend continues, director Pete Rahn says there could be a $73 million shortfall this fiscal year in revenues from fuel taxes, motor vehicle sales taxes and license fees.
Of particular concern are slow auto sales, which have led to an 11 percent decline in vehicle sales tax revenues. Rahn says the department is dependent upon motor vehicle sales tax revenues to repay the bonds that have financed the most recent round of road improvements.