The Missouri Department of Economic Development wants to eliminate all state funding for the Tour of Missouri.
The department needs to cut nearly $10 million from its budget due to the state’s fiscal crisis. Tour of Missouri organizers say the state provides about half of their $3.3 million budget and cuts would be a death blow to the race.
According to the governor’s office, the state’s $1.5 million in the Tour of Missouri resulted in $30 million in revenue for vendors, about half of which came from non-residents who traveled to the state for the race.
More:
- Save the Tour of Missouri.
- Twitter @SaveTheTour.
Talk about penny wise and pound foolish.
Talk about penny wise and pound foolish.