DED Releases Study On Transportation Initiative

The Department of Economic Development is out with its own study of the impact of the transportation measure on the August 6th ballot. On the heels of numerous studies on the transportation measure – Proposition B – comes one from the Department of Economic Development. Director Joe Driskill calls it an objective study, showing both ups anddowns. On the positive side, Driskill says research indicates the net impact will be the generation of more than 7,000 new jobs and $404-Million of new personal income each year during the life of Proposition B. On the negative side, the tax increase would hurt economic activity in the short term. The study was requested by and prepared for MoDOT – the Missouri Department of Transportation.