Missouri Economy

A new AARP report shows family caregivers in Missouri contribute around $17.5 billion in unpaid labor each year. This uncompensated work forms the backbone of the state’s long-term care system, according to the leader of a national nonprofit.

In the upcoming April 2026 election, Cape Girardeau County voters will consider two propositions to prevent property tax increases on primary residences. 'Proposition A' would exempt senior citizens aged 62 and older from property tax increases unless their homes are renovated or the tax levy increases. 'Proposition B' would cap annual property tax increases at 5% or the inflation rate, whichever is higher. Dr. David Yaskewich, an economics professor, explained that such measures, similar to California's Prop 13, can provide property tax relief but may limit local government revenue and create economic disparities between long-term and new residents.

In the upcoming April 2026 election, Cape Girardeau County voters will consider two propositions to prevent property tax increases on primary residences. 'Proposition A' would exempt senior citizens aged 62 and older from property tax increases unless their homes are renovated or the tax levy increases. 'Proposition B' would cap annual property tax increases at 5% or the inflation rate, whichever is higher. Dr. David Yaskewich, an economics professor, explained that such measures, similar to California's Prop 13, can provide property tax relief but may limit local government revenue and create economic disparities between long-term and new residents.

The Missouri House narrowly passed a spending bill that reallocates $1 billion in support for colleges and universities as part of a $50.4 billion budget for state operations. Some schools would see their funding cut by 40% or more.

Advocates say proposed cuts to Missouri’s child care subsidy program could ripple through the foster care system, making it harder for families to find child care and for providers to serve children with greater needs.

Missouri’s minimum wage increase is now in effect as 2026 begins, a voter-approved change supporters say reflects rising living costs and workers' needs statewide. Workforce leaders say the change reflects rising living costs and could help retain workers, reduce reliance on public assistance, and strengthen the state’s labor force.

A new report finds Missouri outpaces the national average on after-school meals, but many eligible children still go without supper after school. Advocates say the federally funded program is underused and could become even more critical as families face rising food costs.

The Missouri Department of Social Services announced Thursday that it will continue to issue partial payments of federal food benefits for November, while updating its systems to resume paying full amounts.

In Missouri, more than 120,000 seniors live with Alzheimer’s disease, and to care for them, their families provide over 350 million hours of unpaid support each year.

The 93rd annual meeting of the U.S. Conference of Mayors took place June 19-22 in Tampa, Florida.