Missouri Legislature passes bill to repeal Prop A's paid sick time, cost-of-living provisions
KANSAS CITY, Mo. — Missouri is one step closer to repealing part of Proposition A, or 'Prop A,' which increases the state's minimum wage and requires paid sick time.
The Missouri Senate on Wednesday passed House Bill 567, modifying provisions related to employee compensation and paid sick leave.
Missouri lawmakers approve referendum to repeal abortion-rights amendment
Prop A was approved by voters in the November 2024 election and took effect on May 1. It requires employers to give workers at least one hour of sick leave for every 30 hours worked, consecutive or otherwise.
The passage of House Bill 567 also repeals the provisions establishing paid sick time for certain private employees.
Current law provides that the minimum wage rate shall be $13.75 per hour for the 2025 calendar year, with an increase to $15 per hour on Jan. 1, 2026—and cost of increases or decreases each year thereafter, based on the change in the Consumer Price Index.
House Bill 567, however, repeals the yearly cost-of-living increases.
These changes are set to take effect as soon as Governor Kehoe signs the bill into law, which he is expected to do.Missouri Supreme Court upholds voter-approved minimum wage, paid sick leave initiative
Where do Missouri's challenges to voter-approved abortion, sick leave laws stand?
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Giant storm sewers address flooding in Queens
QUEENS, N.Y. (PIX11) — When storms dump rain on the city, sewers are put to the test. Some of them can't handle the flow. Flooding is a problem around the city. A multi-billion-dollar mega project is underway in Queens. More Local News A half-mile stretch of storm sewer is being 'cast in place,' where crews build the form and concrete is poured. It will eventually run from 149th Avenue and 224th Street along Springfield Lane in Idlewild Park. It will drain into a creek and Jamaica Bay southwest of Rockaway Boulevard. Thomas Foley is the commissioner of the NYC Department of Design and Construction. 'A great engineering feat that's on budget and on schedule. People won't know this is under their feet,' Foley said. Smaller local lines connect to bigger sewers to channel stormwater and runoff. The new sewers at this location can handle more than a million gallons of water a minute. The plan includes protection measures for almost 5 acres of tidal wetland in Idlewild and Brookville parks. The sewers are below ground. PIX11's Greg Mocker walked inside the 12-foot-wide and 8-foot-tall structures with engineers, workers, and Queens Borough President Donovan Richards. 'With about 40 to 50 years of disinvestment, and developers building homes without putting in sewers, that's environmental racism. This will give people the quality of life they deserve. It's the fruits of our labor,' Richards said. The Southeast Queens Initiative is a group of more than 40 infrastructure projects totaling $2.7 billion, which are rebuilding streets and adding drainage throughout Southeast Queens. Crews are working on different sections and connections in the coming years. The project around Idlewild Park is set to be done in September 2026. City water and sewer customers pay for parts of the projects. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
17 minutes ago
- Yahoo
Some Dems Warn Colleagues: Crypto Bill Could Inject Some 19th Century Chaos Into US Economy
The Senate is poised to pass the GENIUS Act in the coming weeks. The bill will bestow upon the crypto industry a long-sought blessing: a key form of the digital currency, stablecoins, will now be subject to a bespoke (and notably light-touch) regulatory system created by Congress. With it will come the U.S. government's stamp of approval. After years spent being dismissed as a haven for money launderers and speculators, the bill is in part a marker that the crypto industry has arrived in Washington. And yet, there are a few problems. The bill could open multiple pathways toward contagion that could spread throughout the financial system, Hill staffers and experts familiar with the legislation warn TPM. Some argue that it would create a financial system that operates with many of the same risks the U.S. left behind in the 20th century, including banks and private companies issuing their own, alternate currencies; others regard the bill as priming the country for a series of runs on digital currencies. Among legislators, the fighting over the proper level alarm about these possible eventualities has been most acute among Senate Democrats. While nearly the entire Republican Senate conference supports the bill, a few Senate Dems have broken off to lead negotiations over the legislation and persuade others in their party to support it. Sen. Kristen Gillibrand (D-NY) was the first Democrat to co-sponsor the bill; others, including Sens. Ruben Gallego (D-AZ), Mark Warner (D-VA), and Angela Alsobrooks (D-MD), have taken the lead in pushing it. Stablecoins, the form of crypto that the GENIUS Act addresses, are cryptocurrencies that are pegged to the value of a state-issued currency, like the dollar. Crypto advocates tout stablecoins as solving a few problems: consumers can use their stability to buy other forms of cryptocurrency; they can also, advocates say, double as a means to quickly transfer payments between people. In that sense, they're kind of like Venmo, only based in the blockchain and, often, possessing perplexing foreign ties. (One of the biggest stablecoins, Tether, is run from El Salvador.) It's that quality that causes anxiety among many experts in banking and financial regulation, including Democratic staffers on the Senate Banking Committee. Stablecoins, under the GENIUS Act, will receive the benefits that the U.S. legal system gives to deposits, but without most of the qualities that make that system secure. 'The GENIUS Act folds stablecoins directly into the traditional financial system, while applying weaker safeguards than banks or investment companies must adhere to,' Sen. Elizabeth Warren (D-MA) said in a speech last month. Under the bill, there's no deposit insurance to guarantee stablecoin holdings. But more troubling than that, for critics, is the limited regulation of how stablecoin issuers can use the money they receive and how, in the event of a crisis, customers would be made whole. New kinds of businesses will be able to issue stablecoins under the legislation, including banks (typically via subsidiaries) and tech megafirms like Meta, X, Amazon, and others. The risk, experts told TPM, partly stems from how stablecoin issuers would meet a run on their coins. Stablecoins are typically backed up by bank deposits or investments in treasuries; customers pulling their stablecoin deposits at once could resemble an old-school bank run, depleting these assets. 'It would be a financial crisis grease fire,' one Senate staffer told TPM about the possibility. Under this scenario, even people who don't hold crypto investments could be affected. A bank that holds a large amount of stablecoin deposits, when faced with mass withdrawals to shore up one or multiple failing stablecoins, could see its balance sheet falter. The same thing could happen if treasury securities or other backing assets are sold en masse, causing prices to plummet. Mark Hays, who covers cryptocurrency issues for American for Financial Reform, told TPM last month that banks themselves might be exposed in another way. Bank subsidiaries that issue stablecoins could experience a run, meaning that the parent bank would have to bail it out. These are all means by which risks inherent to the form of cryptocurrency might spread. 'The more banks get exposed to that, the more the fallout could be significant,' Hays said. Many critics of the GENIUS Act say that features of the bill will revive the problems that America's financial system experienced in the 19th century. There's an irony here. Some of Trump II's staunchest backers, particularly those on the new tech right, frame their support for the president as part of an effort to return to the 1890s. Trump himself has supposedly become enamored with President William McKinley; some supporters speak about going further than undoing the social changes of the 1960s or the New Deal, and instead call to undo the changes brought by the Progressive Era. That includes the federal reserve, income tax, and many early banking regulations. Of course, in the case of cryptocurrency, this effort to turn back the clock skips right past a key point of the push for legislation. The GENIUS Act, some observers say, could prompt mass adoption of the coins. That, in the event of a crisis, could prompt the Federal Reserve to bail out issuers — a decidedly post-1890s backstop. But one feature of the bill would turn time back: it would allow banks and some businesses to issue their own stablecoins. This hasn't escaped the attention of analysts at JP Morgan; strategists at the bank reportedly noted in a letter to clients that such a system would recall that of 'the 19th century, when various types of banknotes were valued differently.' For big tech firms, stablecoins present an opportunity: users could pay for purchases entirely within an app. Companies with operations around the world could unify transactions under one, in-house coin; they could also charge small transaction fees on each purchase that would open up a new way of making money. Hilary Allen, an American University professor who studies financial regulation, told TPM that the problem, again, would be that these are not actual bank deposits: they are lightly regulated cryptocurrencies. 'People will quite happily leave all their money in an app offered by a big tech platform,' she said. The scale of the risk to the financial system all depends on how many people adopt the use of stablecoins. Relatively few people use cryptocurrencies, though industry boosters argue that passing the GENIUS Act and market structure legislation later this summer will spur more people to do so. Big tech firms issuing their own coins as a means to buy products sold by the firms would also prompt more people to join. But even that, Allen said, could raise troubling questions about how it affects the nature of these businesses. 'Do they become too-big-to-fail financial institutions with all the power and the implicit bailouts that come with that?' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Police: Rockford man injures officer during weapons arrest
ROCKFORD, Ill. (WTVO) — Rockford Police arrested Pierre Watson, 31, for weapons possession by a felon, among other charges. On June 1, around 1:41 a.m., officers pulled over Watson's Chevrolet Monte Carlo when he did not use a turn signal, according to court records. Authorities determined Watson had a suspended driver's license in Illinois. When officials approached the car, they could smell cannabis and saw an open bottle of Hennessy. The suspect was taken into custody but attempted to run away, causing an officer to be injured. Police searched the vehicle and found a loaded pistol. Watson was previously convicted of intending to deliver controlled substances in 2017 and 2020. He is charged with possession of a firearm without a FOID, transporting an open alcohol container, unlawful possession of cannabis, driving on a suspended license, driving an uninsured vehicle, improper turn signal use, possession of a weapon by a felon, possession of a firearm by a repeat felon, resisting an officer. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
