Nixon's tax credit plan gains support from education officials

Wednesday, April 21, 2010 | 8:19 a.m. CDT; updated 11:47 a.m. CDT, Wednesday, April 21, 2010

JEFFERSON CITY — Education officials are joining Gov. Jay Nixon's call to rein in Missouri's tax credits.

Nixon scheduled a Capitol news conference Wednesday with public school teachers and officials representing K-12 schools, community colleges and universities. Nixon says they will be backing his effort to limit and reorganize Missouri's tax credit programs as a way to save money in future budgets.

Missouri has roughly 60 tax credit programs.

Nixon outlined a plan last month to reduce the programs to six new initiatives and to cap the total amount that can be authorized annually at about $314 million. The plan would need legislative approval.

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