Missouri has received billions in debt-financed federal spending earmarked for stimulus, recovery and infrastructure needs from legislation such as the American Rescue Plan. It is not free money; if misspent, it could worsen inflation and labor shortages and create long-term budgetary obligations. However, if used in accordance with sound free-market principles, the funds can support pro-growth private-sector investment.
Legislators must consider not only what to spend such one-time funds on, but whether to spend some of these funds at all. This document provides legislators some guidance for what some good investments would look like. Click here to read the full report.
