Modifies provisions relating to the Blind Pension Fund
Impact
If enacted, SJR112 will fundamentally alter the financial approach to the blind pension fund by removing the tax specification tied to property valuations. Instead, it aims for the General Assembly to guarantee appropriated funds each year at least equivalent to the allocations made for the 2026-27 fiscal year. This change could influence how funds for the blind pension are allocated and managed, potentially leading to more sustainable funding through legislative discretion.
Summary
SJR112 is a Senate Joint Resolution introduced by Senator Hudson, aimed at amending the Missouri Constitution concerning the blind pension fund. The resolution proposes to repeal the existing Section 38(b) of Article III of the Missouri Constitution and replace it with a new section that mandates the General Assembly to provide annual appropriations for the pensioning of individuals who are blind. Unlike the previous requirement for a specific tax to fund the initiative, the new framework emphasizes adequate funding without a specified tax rate, promoting flexibility in financial appropriations by the state legislature.
Contention
The conversation surrounding SJR112 has highlighted concerns about the adequacy and security of funding for the blind population in Missouri. Supporters of the resolution argue that it will provide a more stable financial framework, enabling legislators to adjust funding based on the state’s fiscal condition each year. Conversely, critics worry that the removal of a defined tax might jeopardize the reliability of the pension funds, fearing that without mandated revenue, appropriations may not be prioritized, especially during budget cuts.