MOST Program Set To Undergo Changes

A state program that gives tax breaks for parents saving for the child’s education could well undergo change. Governor Matt Blunt said during the State of the State address that he favors a change in the MOST program. State Treasurer Sarah Steelman says she’s interested in improving the program by bringing more Missouri investment firms in, while keeping costs low. Steelman notes MOST attracts even those who don’t normally invest money. She says any change needs to make options easily available and must protect those investors. Steelman says she shares some of the concerns expressed by former Treasurer Nancy Farmer that a few of the proposed changes would have given a break on Missouri taxes for investing in another state’s plan.