Sunday, June 22, 2014

No. 000031 Prop 7 Screws St. Louis Region out of a Billion Dollars Over Ten Years

We have now obtained documentation showing that if Prop 7 passes Saint Louis will pay an additional Billion in taxes in tribute to the outstate Missouri.

The math:

Estimated Prop 7 Revenues in Current Dollars $5,390,000,000

St. Louis region share of state economic action 45%

45% Saint Louis Share                                   $2,425,500,000

MoDot Share to St. Louis Region                     $1,488,230,000

Tribute paid by Saint Louis Region                 $937,270,000

Here are the supporting exhibits on which the calculation was made. HT to St. Louis Post Business Editor David Nicklaus!