February 22, 2012

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State audits will track federal stimulus dollars (AUDIO)

February 14, 2011 By

State Auditor Tom Schweich says one of the objectives he’s set for his office is to keep track of the federal stimulus money coming through Missouri.

It won’t be one overarching audit of federal stimulus money, but a bunch of tiny ones.

“What I’m going to do is, any audit report we issue where the entity being audited has stimulus money, we will report on how it’s being spent. We have a broad set of requirements, particularly for all agencies and commissions, so we’re gonna be covering the vast majority of the stimulus money just as a section of our existing audits. We’re not going to release a special stimulus audit,” Schweich said. [Read more...]

Filed Under: Economy, Finance, Politics & Government

Schweich says he can’t give fair estimate of “Fair Tax’s” impact (AUDIO)

February 11, 2011 By

State Auditor Tom Schweich speaks to reporters

State Auditor Tom Schweich was asked to write the verbiage that might be used on an initiative for the so-called ‘fair tax,’ which would throw out state income taxes and replace them with sales taxes.  This is what he’s written:

‘The total cost, savings, and/or change in tax revenue to state and local governmental entities cannot be determined.  The proposal (1) requires a range of legislative action with unknown outcomes, and (2) will result in changes to consumer spending patterns that cannot be presently quantified.’

Schweich says his office took a hard look at the issue but says any hard estimate of the impact, in dollars, would be arbitrary and irresponsible at this point. [Read more...]

Filed Under: Business, Economy, Finance, Legislature, Politics & Government, Taxes

August Busch IV likely won’t face charges in girlfriend’s death

February 10, 2011 By

 A Prosecutor says no charges will likely be filed in the December death of a woman at the mansion of August Busch the fourth in the St. Louis area. Prosecuting Attorney Robert P. McCulloch says cocaine and oxycodone were found in Adrienne Martin’s bloodstream.

The St. Louis Post Dispatch reports the evidence shows she took the drugs voluntarily, so it may be difficult to charge Busch with manslaughter. The prosecutor says the Busch brewing family heir has refused to cooperate since his initial statement to police.

Filed Under: Briefs

Governor appoints new PSC Chairman

February 10, 2011 By

Governor Nixon has appointed Kevin Gunn as the new chairman of the Public Service Commission. Gunn, of Webster Groves, has been on the commission since 2008. The appointment comes just a day after Robert Clayton stepped down from the chairmanship. Clayton, however, will stay on as a commissioner. [Read more...]

Filed Under: Politics & Government

Clayton asks to step down as Chairman of PSC (AUDIO)

February 9, 2011 By

Robert Clayton has asked the Governor to relieve him of his duties as Chairman of the Public Service Commission. Clayton details the letter he’s sent to Governor Nixon.

“I was appreciative of the opportunity to serve as Chairman of the Public Service Commission. Over the last two years we’ve been able to accomplish all of the tasks or most of the tasks that I wanted to complete and that now was an appropriate time to ask him to go ahead and appoint a new chair and I’ll step back. (I’ll) continue serving as a member of the commission, but look forward to some new leadership,” Clayton said.

We asked Clayton why he still wants to stay on the commission. [Read more...]

Filed Under: Environment & Conservation, Politics & Government
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