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Members of the Freedom Caucus said the move to send the proposal to conference effectively kills what supporters call IP reform.
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Lawmakers have until 6 p.m. Friday to finish work before adjournment.
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If approved by Missouri voters, the development would include a hotel, convention center, restaurants and other attractions.
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Missourians for Constitutional Freedom said they turned in more than 380,000 signatures into the Secretary of State’s office. The signatures must now be verified.
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Missouri could be the first test of a more aggressive strategy to keep abortion off the ballot and out of the state constitution.
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The Federal Reimbursement Allowance, which is a tax on hospitals, ambulance districts, nursing homes and pharmacies, is set to expire at the end of September. The Senate gave it initial approval early Thursday morning after more than 40 hours of filibustering by the Missouri Freedom Caucus.
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Missourians for Healthy Families and Fair Wages held a Jefferson City rally as it submitted 210,000 signatures to the Secretary of State.
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The Senate has already passed similar legislation, which is awaiting House debate.
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The annual state budget and a tax that funds the bulk of Missouri’s Medicaid program are two things that must pass this session.
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Ballot initiatives are one way for voters to assert their power over the political whims of Missouri's state legislature or courts. They are often viewed as more stable and harder to undo.