Employers disappointed with statewide initiative election results
Missouri employers are disappointed with the results of the November 6, 2018, election, including passage of a 50% increase in the minimum wage and failure of a modest gas tax increase to fund transportation improvements.
“The safety and condition of Missouri roads will continue to deteriorate until voters decide to step up and fund transportation improvements,” said Ray McCarty, president and CEO of Associated Industries of Missouri. “We hope our failing bridges and dangerous road conditions don’t lead to a major tragedy before we can convince voters to invest in our infrastructure,” he said.
Missouri has one of the largest state-maintained road networks in the state and ranks near the bottom in fuel taxes. The state legislature may soon be faced with the problem of providing state matching funds for federal highway funds.
“If matching funds are not provided, the state’s roads will deteriorate at an even faster pace as Missouri’s federal gas tax money will be spent by other states that have matching funds,” said McCarty.