"Revenues to the university, with their agreement with the SEC, would be so substantially higher, that alone would be enough to cover it," said Senate Budget Committee Chairman Kurt Schaefer, R-Columbia.
Residents of Moberly have already been affected by the change through heightened costs for loans and municipal bonds, said Sen. Kurt Schaefer, R-Columbia, who's leading the investigation. The committee said it intends to discuss what will happen if Moberly cannot make up for the missing money.
Sen. Kurt Schaefer, R-Columbia, asked Sallie Hemenway and Chris Pieper from the Department of Economic Development what they did to ensure due diligence before giving Mamtek tax-exempt bonds. They said they would supply that information with other requested documents in the near future.
Wrap: As the Senate Committee on Governmental Accountability digs even deeper into the state's involvement in the failed U.S.-China business venture Mamtek, Republican Senator Kurt Schaefer asks some tough questions.
Wrap: Senator Kurt Schaefer, says he is concerned that Columbia's school transportation problems will take a back seat to other proposed bills during this special session.
The article reports Senate Appropriations Committe Chair Kurt Schaefer said news that EB-5 would be a part of China hub is a reason to slow down the bill in the article, but lawmakers like House Economic Developement Committe Member T.J. Berry are still unaware of it.
Kurt Schaefer, R-Columbia, was appointed to the committee after he requested to be involved in investigating the possibility that state officials misled local leaders when they presented the deal to city leaders. Schaefer's district includes Moberly.
Senate Budget Chairman Kurt Schaefer, R-Columbia, said he knew of talks between multiple entities considering Columbia, but no decision has been made. "I think when you're looking at capital investment in a project like that, they're very capital intensive because there's so much commitment that goes in, that if we can put something together that makes Columbia more attractive nationally, then that's a good idea," said Schaefer.
Wrap: Central Republican Kurt Schaefer agrees with the state auditor that Governor Jay Nixon's funding of natural disaster relief violates the Missouri constitution.
Appropriations chair Columbia Senator Kurt Schaefer said the Senate should wait until they have a more accurate estimate of the shortfall before acting on next year's budget.
"We are going to have to come to terms with what we are going to go with what I would call a hole in our budget when the federal money runs out," Crowell said. Senate Appropriations Chairman, Sen. Kurt Schaefer, R-Columbia, agreed with Crowell, but said the funding problem should be addressed next year rather than letting it affect this year's budget.
The Senate adopted the budget plans proposed by Appropriations Chairman, Kurt Schaefer, R-Columbia, after agreeing to send an extra $20 million to all of Missouri's public colleges and universities.
The chairman of the Senate appropriations committee, Kurt Schaefer, R-Columbia, said it was important to pass the bill now since the funds expire on June 30 and must be spent solely on education.
Sen. Kurt Schaefer, R-Columbia, proposed to his committee Monday a plan to increase the Missouri higher education budget in order to help reduce costs for students.
Senate Appropriations Committee Chairman Kurt Schaefer, R-Columbia, filed Schweich's bill Wednesday and said the analysis reveals the similarities between agencies, while more efficient methods should save taxpayers money.
Wrap: Columbia Republican Senator Kurt Schaefer says Gov. Nixon's proposed 7 percent cut to public colleges and universities was on the higher end of what he expected.
JEFFERSON CITY — The most powerful chairmanship in the Senate now belongs to the senator from the district with the largest single government institution in the state. Sen. Kurt Schaefer, R-Columbia, who represents the district housing the center of operations for the University of Missouri, will assign discretionary funding this session as head the Senate Appropriations Committee.
Sen. Kurt Schaefer, R-Columbia, asked Sallie Hemenway and Chris Pieper from the Department of Economic Development what they did to ensure due diligence before giving Mamtek tax-exempt bonds. They said they would supply that information with other requested documents in the near future.
Standard and Poor recently downgrading the city's credit rating, the committee intends to discuss what will happen if Moberly cannot make up for the missing money. Residents of Moberly have already been affected by the change with heightened costs for loans and municipal bonds, said Sen. Kurt Schaefer, R-Columbia.
A program that brings foreign investors to America in exchange for their money could be used to finance China Hub says Sen. Kurt Schaefer, R-Columbia. The EB-5 visa program allows foreign investors and their families entry into the U.S. in exchange for investments of up to $500,000 or $1 million that are in place for five years. Investors could receive residency and could eventually apply for citizenship. The company that receives the investment must create 10 jobs.
Senate Appropriations Chairman, Sen. Kurt Schaefer, R-Columbia, agreed with Crowell, but said the funding problem should be addressed next year rather than letting it affect this year's budget.
Senate Appropriations Chairman, Sen. Kurt Schaefer, R-Columbia, agreed with Crowell, but said the funding problem should be addressed next year rather than letting it affect this year's budget.
Sen. Kurt Schaefer, R-Columbia, proposed to his committee Monday a plan to increase the Missouri higher education budget in order to help reduce costs for students.
Koster says he has had some support from legislators such as Senator Kurt Schaefer, but none have officially pledged to take any of his recommendations to the floor yet.
Sen. Kurt Schaefer, R-Columbia, who represents the district housing the center of operations for the University of Missouri, will chair the Senate Appropriations Committee.
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