Tagged: Hancock Amendment

The state of Missouri has stayed within a constitutional revenue limit for the 12th budget year in a row.

State auditor Tom Schweich released the yearly report on the Hancock amendment today. That amendment, passed in 1980, uses a mathematical formula to set a limit on the amount of personal income that can be used to fund the operations of state government. Any amount above that limit must be refunded to Missouri residents.

Former Missouri Rep. Mel Hancock, who authored an amendment designed to limit the growth of state income, has died.

Hancock's wife, Alma, said her husband died early Sunday in his sleep at their home in Springfield. He was 82.

Hancock represented Missouri's 7th District in the U.S. House of Representatives from 1989 to 1997.