Springfield, MO, September 28, 2026 — Missouri voters are set to consider Amendment 7 on the ballot this fall, a measure that proposes the creation of a new financial mechanism intended to eventually eliminate state-imposed taxes. The proposed initiative, named the “Show-Me Prosperity Fund,” is designed as a permanent public endowment fund.

The core objective of the Show-Me Prosperity Fund is to grow through investment strategies over the long term. Its ultimate goal is to generate sufficient earnings to replace all existing state tax revenue. Should the fund reach this threshold, the state would no longer need to collect taxes imposed by the General Assembly.

If voters approve Amendment 7, the measure would enact specific limitations on the state’s legislative branch regarding the fund. A key provision would prohibit the Missouri General Assembly from appropriating the principal amount of the Show-Me Prosperity Fund. Additionally, the amendment would prevent the re-enactment of any taxes that have been eliminated by the fund’s success, unless the fund experiences insolvency or a significant revenue shortfall.

The details regarding the initial funding source or the specific investment strategies for the Show-Me Prosperity Fund were not provided in the summary. The timeline for when investment earnings might become sufficient to replace state tax revenue is also not specified. The amendment’s passage would place the decision-making authority for this endowment fund and its eventual impact on the state’s fiscal structure before the electorate.

The proposed Amendment 7 aims to fundamentally alter the state’s approach to taxation and public finance. Its potential implications for state services and the economy are expected to be subjects of debate as voters prepare to make their decision in the upcoming election.


Story summarized from the original created by Hannah Falcon on www.ky3.com, see more information here.

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