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  • High Street Beat is the personal weblog of John Landwehr, a partner at Cook Vetter Doerhoff & Landwehr and a former Mayor of Jefferson City. Your comments, feedback and suggestions are welcome.

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January 25, 2012

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Patrick

I agree with your basic argument, but have to disagree with your gambling example. I thought this debate was put to bed last decade with the defeat of the Classroom Trust Fund.

There has been a net increase in education funding. When gambling was legalized in Missouri the foundation formula was $1 billion. Today it's $3 billion. Gambling revenues account for a little less than $400 million of this.

No one ever promised that the foundation formula would be fully funded and then gaming revenues added on top. With current state revenue levels, the foundation hasn't been fully funded in years. Thankfully we have gaming revenue to make up for some of the shortfall.

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