Show-Me Institute Annual Report, 2012

7/27/2019 Show-Me Institute Annual Report, 2012

1/24AnnuAl RepoRt | 2012


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Tableof ConTenTs

A Letter From the Chairman and President 45

Border Wars, Growth Corridor 67

Medicaid Expansion 89

FDR-Like Central PlanningIn Local Government 1011

Resolutions to Enhance Liberty 11

Our Public Pensions: A Ticking Time Bomb 1213

Reforming Education 1415

Show-Me Interns & Youth Outreach 16

Show-Me Events 17

Message from the Executive Director 17

Media & Social Media 1819

Publications 20

Financial Statement 21

Board of Directors & Staff 2223

advancing liberty with responsibility

by promoting market solutions

for missouri public policy


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Jy Fabama by Missri Aris Grg Cab Bigham, 1846.

I HEAR AMERICA SINGING

BY WALT WHITMAN

I hear America singing, the varied carols I hear,

Those of mechanics, each one singing his as it should be blithe and strong,

The carpenter singing his as he measures his plank or beam,

The mason singing his as he makes ready for work, or leaves off work,

The boatman singing what belongs to him in his boat,the deckhand singing on the steamboat deck,

...

Each singing what belongs to him or her and to none else,

...

Singing with open mouths their strong melodious songs.


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Dear Friends:

We agree with Winston Churchill, who

famously called democracy the worstform of government except for allothers that have ever been tried

We were hoping that free-marketthinking would triumph over class

warfare in the 2012 national election

It did not

With the re-election of PresidentBarack Obama, it is to be expected thatpublic policy will continue in a leftward

direction at the federal level But itcannot continue for long Everywherein the western world, nationalgovernments have boxed themselvesinto a corner in expanding entitlementsand encumbering their economies

with growth-destroying rules andregulations They have been forced to

borrow incredible sums of money justto maintain an increasingly unhappyand tenuous status quo

But the borrowing is itselfunsustainableOn the current course, it is only a matterof time before the easy- money windowcomes slamming down on the ngersof government In that event, ourgovernment would suddenly lose theability to borrow 40 cents or more out ofevery dollar it spends at exceptionally lowrates of interest

There is still hope for a renewal offreedom and the adoption of better

policies But the hope lies not withtodays national political leadersHaving come this far, they will go onkicking the can down the road

The best hope rests in changing policiesat lower levels of government that are

less insulated from the realities of themarketplace and where there isless of a yawning gap between elected

ofcials lled with a sense of their ownimportance and regular people faced

with the task of earning a living

Rebuilding AmeRicA One StAte At A time

As co-founders of the Show-MeInstitute Missouris only free-marketthink tank we are greatly heartened

by a resurgence in pro-market, pro-growth policymaking in many states

including the neighboring statesof Kansas, Nebraska, Oklahoma,Arkansas, and Tennessee

The reader will nd a full account ofthis movement in the article Border

Wars, Growth Corridor on the twopages following this letter We just wantto add a couple of thoughts

First, we congratulate political leaders inrival states for taking action They haveset a good example for our lawmakersin the Show-Me State to follow Insigning his states ambitious income tax-cutting plan into law, Kansas Gov SamBrownback proclaimed:

My faith is in the people of Kansas,not governments ability to tax andredistribute They know better howto spend their money and I believethey will do incredible things with it

Isnt it time that our lawmakers and

political leaders put their trust inMissourians?

Over the past decade, our state hasspent billions of dollars in taxpayermoney on tax credits and othersubsidies for supposedly promising

Rex Sinqueeld

President

R Crosby Kemper III

Chairman

S H O W - M E I N S T I T U T E 2012 AnnuAl RepoRt4

a leTTerfromTheChairmanandThe PresidenT


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5S H O W - M E I N S T I T U T E 2012 ANNUAL REPORT

business ventures or commercialdevelopments Again and again,these great would-be successstories (think Ballpark Villagein Saint Louis and the Citadel inKansas City) have turned intohuge disappointments

In essence, our lawmakershave been giving with one hand

what they take with the other:They takethrough the annualcollection of close to $300million in corporate income taxreceipts, and they give throughthe annual distribution of about$400 million in targeted taxcredits earmarked for economicdevelopment It is hard to thinkof a worse way to redistribute

money than this combination ofgovernment taking and giving

First, it takes from the many(basically all protable

businesses) and gives to the few(a small number of politicallyfavored businesses) Still worse, ittakes money from those who haveearned it and gives it to those whoare most likely to waste it

As bad as that is, it creates anenormous opportunity We canend tax credit spending anddevote the savings to endingcorporate income taxes andstarting to reduce individualincome taxes as well

Missouri Gov Jay Nixonhas shown no interest infundamental tax reform aimedat turning Missouri into a great

place for starting, growing,or relocating a business ButRepublican lawmakers can acteven if he will not with their

veto-proof majorities

An AgendA fOR RefORm

We want Missouri to be a placewhere entrepreneurs are free topursue their dreams, where parentsare free to direct the education andupbringing of their children, wheregovernment functions according to

principles that enhance freedom,and where all Missourians are freefrom dependence on government

We believe that the free market isthe best method to spur innovationand create wealth

To achieve this vision, our Show-Me Institute colleagues have putforward a set of public policyproposals that would build onthe best successes of other states,

and break Missouri out of itseconomic doldrums

In a variety of publications, ourpolicy analysts and scholarshave laid out the facts and calledattention to Missouris dismaleconomic performance over thelast decade It is a record thatcries out for change

Beyond that, they have given

expert testimony before variouslegislative bodies; appeared onnumerous radio and televisionprograms; and produced a raftof commentaries for Missourinewspapers and indeed fornational and internationalpublications as well

So what are the changes that theShow-Me Institute is calling for?

As part of a pro-market, pro-

growth agenda, we believe thatthe legislature should:

eliminate costly andunproductive state tax creditsthat favor certain businesses;

lower taxes for everyone;

stop trying to pick economicwinners and losers andconcentrate instead oncreating a favorableenvironment for allbusinessesand working people

Reduced to a few bulletpoints, these changes are justa beginning (and they do notcapture other things that theInstitute has been doing topromote reform in such areas aseducation, public pensions, andlocal and municipal government)

In closing, we will return to theissue of fundamental tax reform

and ask you to consider the impactof lowering taxes for everyone

Imagine the growth that wouldoccur if we did not squanderhundreds of millions of dollarson pet projects for the well-connected, but returned themoney to its rightful ownersImagine the power, the simplicity,of letting people keep what theyhave earned and decide for

themselves how best to put it towork in growing their businessesand taking care of their families

That would be great for Missouri and it is also a prescription forthe kind of change that would getour nation back on track

Sincerely,

J 10, 2013


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S H O W - M E I N S T I T U T E 2012 ANNUAL REPORT6

borderWars, GroWTh Corridor

Where is the actiontoday in pro-growthpolicymaking?

It is not in our nations capital

stuck as it is in a deepeningfiscal morass Surprisinglyenough (for some people,anyway), you find the realaction today in places such asBaton Rouge, La, and Topeka,Kan to mention just two outof a dozen state capitals thatare pursuing dramatic pro-growth tax reforms

In 2012, Kansas enacted the

biggest tax cut of any state inrecent history, relative to thesize of its economy It reducedthe top personal income taxto 49 percent, well belowMissouris top rate of 6 percent

Even more signicantly, Kansaseliminated taxes on pass-throughincome for most entrepreneursand small business owners including all businesses that

operate as sole proprietorships,limited liability partnerships, andS-Corporations

Kansas Gov Sam Brownbackmight almost have donneda sandwich board tellingcompanies in Missouri andother neighboring states:

We Want You HereHe has boasted:

Our new pro-growth taxpolicy will be like a shot ofadrenaline into the heart ofthe Kansas economy It willcreate tens of thousands ofnew jobs and help make ourstate the best place in America

to start and grow a smallbusiness Now is the time togrow our economy, not stategovernment, and thats what

this tax cut will doWhat evidence is there to backup such claims?

You can start with the UScensus, which tracks populationtrends in the 50 states

In the reapportionment ofUS House seats triggered bythe changing demographicscaptured in the 2010 census,

the two biggest winners werefast-growing Texas and Florida gaining a total of six seats(four for Texas; two for Florida) while the biggest losers wereslow-growing New York andOhio, each losing two seats

What is most notable is a furtherdichotomy: Texas and Floridahave zero personal incometax and low business taxes,

while New York has one of thehighest top marginal tax rates onpersonal income (882 percent)and a high corporate income taxrate (71 percent)

In his work with the AmericanLegislative Exchange Council(ALEC), economist Art Lafferhas produced an abundance ofstatistical evidence showing thatstates with low or no income tax

have done substantially bettereconomically than their high-taxcounterparts Among his sharply

worded observations:

It must be infuriating forprogressives in states like

Connecticut, Massachusetts,New Jersey, and New

York to learn that theirstates are attracting fewer

new people than thosethey have long ridiculedas backwaters, such as

Alabama and Arkansas Infact, (from 2000 to 2010)Massachusetts, New York,and Rhode Island hadless population growththan the nations pooreststate, Mississippi

A midweSteRngROwth cORRidOR

Kansas is not the only statereorienting its tax structuretoward pro-growth reformsGovernors and lawmakers are

backing similar reforms in theEast, the South, and the Far West

Closer to home for Missourians,what some are calling aMidwestern growth corridoris taking shape, reaching from

the Gulf of Mexico to the GreatLakes and the Canadian border:a constellation of like-mindedstates beginning with Texasand Louisiana on the southernedge, and going up through

Arkansas, Oklahoma, Kansas,and Nebraska to the twoDakotas and Wisconsin

Last year, Nebraska startedthe process of lowering its

income taxes This year,Nebraska Gov Dave Heinemanannounced that he wants toeliminate the state incometax altogether, replacingit with a broader sales taxSimilar tax reforms have been


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proposed in Oklahoma andLouisiana In Arkansas,the first Republican-controlled legislature sinceReconstruction may cut itstax rates by as much as half

Missouri is located at theepicenter of this Midwesterngrowth corridor But will itchoose to be part of that? Or

will it fall back on the samefailed policy prescriptionsthat have kept Missouri nearthe bottom of all states inpopulation growth, GDPgrowth, and job creation overthe past decade and a half?

What Kansas and other fast-track states have done should

be a boon and an inspiration for our own state

An AgendA fOR chAnge

At the Show-Me Institute, weare urging state leaders totake the hundreds of millions

of dollars that are spent or rather, misspent everyyear to support targetedeconomic development taxcredits (going to a limitednumber of politicallyconnected businesses) andspread the same money moreevenly over every kind of

business, large or small

Instead of having public

officials decide who shouldbe on the receiving end of taxcredits and other subsidies,let the same businesses or

business owners who earnedthe money decide whetherthey want to add a 10th

machine to their productionline, hire more people,or look for other ways ofinvesting their money

The mechanism for doingthat is quite simple: We justneed to reduce businessincome taxes allowingthat money to stay in thehands of the businesses thatearn it Done in tandem, thesavings from ending costlyand unproductive tax creditprograms would be a giantrst step on the road tolowering taxes for everyone

On May 17, 2013, the MissouriLegislature approved a 50percent tax cut over periodsof ve to 10 years on businessincome At the same time,however, the legislature failedonce again to enact signicantcontrols over or reductionsin tax credit expendituresShortly before this annualreport went to press, theMissouri Gov Jay Nixon

vetoed the tax cut

Missouri needs pro-growth taxreform that rewards successrather than punishing itIndeed, that end is well withinthe realm of possibility asour sister states in the corridorare making very clear

Jr bos

Show-Me Institute Support

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reedom and prosperit

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mediCaid exPansion

it iS time tO RefORm medicAid,nOt expAnd it

If someone who is sinking deeper and deeperinto debt comes to you with an offer of free

money, you would be best advised to:

a) take the money and run,

b) say thanks but no thanks, or,

c) call the police?

That was the question that Show-Me InstituteResident Fellow and Senior Writer Andrew B

Wilson posed in an article (The States Should SayNo to Free Money for Medicaid Expansion) thatappeared in the Dec 24, 2012, issue ofThe Weekly

Standard with the cartoon shown on this page

As Andy pointed out in his article (which also ran ina slightly abbreviated form in theMissouri Record),the federal government has tried to entice Missouri

and other states to sign on to a major expansion ofthe Medicaid program with an offer that sounds and, in fact, is too good to be true

The federal government is offering to pay 100percent of the cost of providing services for newlyeligible Medicaid enrollees until 2017, and a

very high percentage of new Medicaid costs inall states (90-plus percent) through 2022 Thatcompares with the usual split between the federalgovernment and the states of about 60-to-40 inMedicaid funding

Anything wrong with that?

Several things

It is astounding that the administration iscontemplating a major expansion in a troubledentitlement program when the federal governmentis already spending far beyond its means in thesupport of existing entitlement programs

According to a recent study from the KaiserCommission on Medicaid and the Uninsured,

the loosened eligibility for Medicaid under theAffordable Care Act (also known as ObamaCare)will cost in the neighborhood of $1 trillion overthe next decade

For the past four years, the federal governmenthas been borrowing 40 cents or more out of everydollar it spends That is like adding $400 of creditcard debt for every $1,000 you spend So where isthe new money coming from to expand Medicaidcoverage to a projected 17 million people?

Like a spendthrift who refuses to mend his ways,the Obama administration wants to go on spendingmoney it does not have: If necessary, taking outnew credit cards to pay off the old This is the sametactic that has brought Greece and several otherEuropean nations to the brink of bankruptcy

Gary lck, caris


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Instead of acting as enablers of scal proigacy, lawmakersin Missouri and other states should say no to the Medicaidexpansion They should also say no to the creation of proposedstate health insurance exchanges (also part of the AffordableCare Act) that would require the states to accept costlymandates and complicated rules restricting competition andchoice in health care

Ultimately, of course, it is the residents of the various stateswho will be called upon to pick up the tab for the nationsindebtedness (now at $16 trillion and rising) through increasedtaxes or other means needed to service the debt But that is notthe only concern here While the current administration haspromised to pick up 90 percent or more of the cost of the massiveincrease in Medicaid eligibility, any future Congress can undothat commitment

If and when that happens, the states that agreed to theexpansion will nd themselves holding the bag having addedhundreds of thousands of people to their Medicaid rolls andthen nding that they are on the hook for half or more of theadditional cost

Finally, Medicaid should be reformed, not expanded

Medicaid costs have been the fastest-growing part of statebudgets for more than a decade In Missouri, Medicaidexpenditures jumped from $34 billion, or 22 percent, of thestates total expenditures in scal 2000, to $8.2 billion, or 36

percent, in scal 2012.

Despite the increased outlays, complaints are growing on thepart of patients and doctors The program pays doctors andhospitals far less than private insurers do As a result, manydoctors refuse to take Medicaid and many poor people have ahard time getting timely access to care

Missouri and other states need to explore better ways of providingcatastrophic health insurance for those without coverage And theyshould be smart enough to know that the offer of free moneyusually means a one-way ticket to nancial ruin.

In its 2013 session, the Missouri Legislature wisely rejected theoffer of free money from the federal government to expandour states Medicaid program Policy Analyst Patrick Ishmael

wrote in a blog post: Kudos to the legislature for its steadfastopposition to the Affordable Care Act (ACA) and support forreforms that will actually help make Missourians healthierUnfortunately, the ACA just isnt that vehicle

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fdr-like CenTral PlanninG

in loCal GovernmenT

In one of his most famouscases, Sherlock Holmes noted

the curious incident of thedog that did not bark in the night

If the great detective were aliveand well and living in Missouri,his curiosity might fasten onseveral recent incidents in whicha big-box retailer stopped howlingin the night stopped acting,that is, as though it needed specialtreatment every time it opened anew store Surprise, surprise

two new Walmart stores are goingthrough the permitting process inKansas Citywithout asking

for any subsidies.Anotherproposed Walmart in Springeldis doing the same thing declining to seek local subsidiesthrough the mechanism ofestablishing a Tax IncrementFinancing (TIF) district

Elsewhere around Missouri,

local activists outraged atthe award of public subsidiesto well-connected developersand their deep-pocketed retailclients have overturned a newEnhanced Enterprise Zone (EEZ)in Columbia and halted theestablishment of another EEZ in

Callaway County In addition, theFlorissant City Council turned

down a developers request forTIF, but the project is going aheadanyway as it seems to makegood business sense

All this is cause for celebration even though other TIFs andEEZs are far from dead in manyparts of Missouri

The Show-Me Institute has ledthe ght against the abuse of local

subsidies to spur commercialdevelopments Why should citiesand townspaya developer to cuta special deal for Walmart (or anyother big-name retailer) which

would not be equally availableto other, smaller retailers in thesame community? And how isone to justify the frequent use of

blighting or eminent domain topave the way for such taxpayer-assisted developments (which

also grant the developer and hisretail clients what amounts to atax holiday from a large portionof the property and sales taxesapplied to other businesses)?

In 2012, Show-Me InstitutePolicy Analyst David Stokestestied four times before local

councils and TIF commissionsin Saint Louis, Columbia, and

Ellisville He addressed groupsof activists opposed to localtax subsidies in Fulton andShrewsbury and testied in favorof TIF reform before a MissouriHouse special committee Inghting this ght, he has writtena number of commentaries fornewspapers around the state,

written Show-Me Institute blogposts, and participated in manyradio and television interviews

In early 2013, the Institutepublished Stokes case studyabout the ineffectiveness ofEnterprise Zones (EZs) inMissouri in promoting growthEnhanced Enterprise Zonesnow have replaced EZs but withno improvement in results

People around the state arebeginning to understand the harm

that is done through these localsubsidies, Stokes says You donthave to subsidize the rightprojectfor retail development You onlyneed subsidies when you start out

with the wrong project which willonly go ahead if a city or town is

willing to provide special favorsto some businesses or developersthat it doesnt give to others

Believe it or not, more than one-

quarter of Missouri has beenofcially declared blightedas a result of the widespreaduse of TIFs, EEZs, and otherlocal subsidies includingTransportation DevelopmentDistricts (TDDs) and Community

David Sks akig ab a tax IcrmFiacig rjc i h Cra Ws ed.


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Improvement Districts (CIDs) thathave proliferated in Missouri over

the past two decades

The ill effects of this FDR-likealphabet soup of governmentprograms include:

Ever-increasing governmentmicro-management of localeconomies, down to picking whattype of business should go intoa particular spot in a supposedlyprivate development

The indiscriminate use ofeminent domain, throwingresidents out of their homes andsmall business owners out oftheir shops and ofces.

The over-looked or carelesselimination of future taxrevenues for schools, parks, andother public services

The misallocation of resources

and the growing presence ofsemi-abandoned shoppingcenters and strip malls asretailers move from onecommunity to another in order tocollect bigger subsidies

To sum up all of those problems ina few words, TIFs, EEZs, and othersuch entities reect the insidiousspread of Big Government thinking(and central planning) to lowerlevels of government

For the good of our communities,and in fairness to all businesses, itis time to end government handoutsand central planning at all levelsof government including localgovernment

1 Ask not what government can do for you; ask what you can dofor yourself without being a burden to others Recognize, andencourage others to recognize, the grave danger that is posed

by a supposedly caring government which is in the habit ofmaking promises it cannot keep

2 Do not quietly buy into arguments about fairness and socialjustice as an excuse for the limitless expansion of governmentYou will be accused of being heartless, cruel, just plain stupidor worse. But do not let others dene you or dismiss you

when they are the ones who press ahead in ignoring the lessons

of history, common sense, and genuine humanity

3 Remember that our history and form of government werenot built on the proposition of One Man, One Vote, One TimeThe great debate about the size and scope of government didnot end with the 2012 elections But the proponents of biggovernment are seeking cloture attempting to discredit andmarginalize those who believe in liberty, limited governmentand individual responsibility as the essential pillars ofdemocratic self-rule and human progress

4 Write out and be prepared to defend your own

Declaration of Independence against the prevailingorthodoxies of the Hollywood/academic/media elite, whofavor every kind of free lunch even if it means limitingindividual choice, undermining quality, and raising the realcosts of health care and higher education

5 Do not shy away from the battle of ideas inside your ownfamily, circle of friends and acquaintances, community, and thestate Ideas have consequences, and it is time to consider thecatastrophic consequences of thinking it is possible to expandgovernment spending and mandates without destroying jobsand economic growth and condemning young people to the

bleakest of futures

There is solace in the wisdom of our Founding Fathers, wholooked upon anti-federalist sentiment at the state and local levelsas an important bulwark of democracy The 10th Amendmentstates: The powers not delegated to the United States by theConstitution, nor prohibited by it to the States, are reserved tothe States respectively, or to the people The battle for liberty,freedom, and responsible self-government is never-ending

Reprinted in The American Spectator, Jan. 4, 2013

resoluTionsTo

enhanCe liberTy

By Andrew B. WilsonFellow and Senior Writer


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ourPubliC Pensions:

a TiCkinG Time bomb

F

ew Missourians lie awakeat night worrying about

shortfalls in the statepension system But the fact isthat all of us as taxpayers are onthe hook if these pensions failto deliver Missouri courts haveruled that vested pension benetsare a legal obligation of the state

It is bad enough that the ofcialnumber for the combinedunfunded liability of the statesve largest pension funds comes

to $111 billion or close to$2,000 for every man, woman,and child in Missouri

However, economists andother policy analysts agreethat the accounting rules thatpublic pensions use (not justin Missouri but other states as

well) signicantly understatethe funding shortfall

A recent policy study writtenfor the Show Me Institute

by Andrew G Biggs, of theAmerican Enterprise Institute,nds that the more realistic

value of unfunded pensionliabilities for the states ve

largest pension funds is closeto $54 billion or more than$9,000 for every man, woman,and child in Missouri

The huge discrepancy betweenthe two sets of numbers is dueto the choice of the so-calleddiscount rate used in settingaside money to meet a futureobligation

A high discount rate on thepresent value of a futureobligation presumes a highrate of return on investedassets while a low discountrate presumes a low rate ofreturn and the need to putsubstantially more moneyaside today to meet a futureobligation

Consider a pension that owes aguaranteed lump sum paymentof $1 million in 15 years time

If one assumes that thepensions assets will earna consistent annual returnof 8 percent, then investing$300,000 today will deliver anexpectedpayoff of $1 millionin 15 years But on the lessoptimistic assumption that theplans assets will earn 4 percent,the plan will need to invest

$550,000 or almost twice asmuch money to deliver $1million in 15 years

Under the rules set by theGovernmental AccountingStandards Board, public

R e

Communications Director

When I frst cameto the Show-Me

Institute, the question

I heard most oten

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Happily, I dont hear

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media. In act, they

increasingly come to

us or inormation on

public policy issues

weve studied.


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pension plans are encouragedto err on the side of optimismin assuming they will earnconsistently high rates of return(725 to 825 percent)

It is not just the ve bigretirement plans covering stateand local employees in Missouri

that are in trouble Localpension plans for re and policeofcers have become a hot issuein a number of cities and towns

In Saint Louis City, for example,the combined annual cost totaxpayers of the citys reghterand police pension systemshas skyrocketed going from$9 million in scal year 1998to $47 million in 2013 Jeff

Rainford, chief of staff to SaintLouis Mayor Francis Slay, haswarned, If costs continue torise as they have in the past, we

wont have a re department;well just have a re pension.

The situation before taxpayers,at the state and local level, isdaunting However, there are

ways to tackle the challenges ofunderfunded pensions

The rst step in reformingpension plans is to use a discountrate that more closely aligns withreality This willforce employersto set aside sufcient fundstoday to meet future obligations

According to Biggs, the MissouriState Employees RetirementSystem (MOSERS) needs to save,or to set aside, far more moneythan it does today if it aims toshield taxpayers from the riskof a major bailout In order toinsulate taxpayers from risk,Biggs shows that the normalcost of the plan would haveto increase from 8 percent ofemployee payroll to 18 percent

Finally, public pensionsshould start shifting to denedcontribution (DC) plans, similarto 401(k)s in the private sectorIn DC plans, employers promiseemployees a xed contributionand once that contribution ismade, the employers obligationis fullled. The shift to dened

contribution plans for newworkers will not eliminateexisting unfunded liabilities

but it will give state and localgovernments breathing roomto address the liabilities theyalready have on the books

In 2010, the Show-Me Institutereleased a study by JohnHowe called Dened Benetand Dened Contribution

Retirement Plans, whichexamined the features of bothDB and DC plans Among theitems discussed in the study,Howe highlights the manyreasons why there has beena shift from DB plans to DCplans over the past 20 yearsHowe also notes that futureemployees are leaning more inthe direction of requesting DCplans, because of the portability

of such plans for an increasinglytransient workforce

By accurately accounting forthe true value of a pensionsliabilities, by setting asidemore money today to meetfuture obligations, and

by shifting to the definedcontribution approach, ourpublic pension system can geta handle on future obligations

before they become totallyunmanageable leavingtaxpayers with a gigantic bill

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iTis TimeTo free oursChoolsfrom eduCaTional sTraiTjaCkeTs

When placed on people,straitjackets restrict

a persons ability tomove When placed on schoolsystems, straitjackets lead tothe same result. They stiethe development of students;they enforce mediocrity andconformity among teachers; andthey keep school principals andsuperintendents from settinghigh standards and acting in atrue leadership capacity

Missouris education system isrife with straitjackets

The traditional approach, theone Missouri has been tryingfor the past few decades, isessentially a form of centralizedplanning In this system, thegovernment sets expectationsfor schools, determines who iseligible to teach, and prescribesa host of rules and regulations

that administrators must followThough many of these policiesare intended for good, the endresult is a bureaucratic systemthat is incapable of change

Missouri is currently rankedin the bottom half of statesin educational achievementIn terms of growth from 1995to 2009, Eric Hanushek,Paul Peterson, and Ludgar

Woessmann conclude intheir study, AchievementGrowth: International andUS State Trends in StudentPerformance, that Missouriranked 27th among the 41 statesfor which data were available

We are stuck in the middle andseem to be going nowhere fast

We can all agree that improvingMissouris education system isa top priority The question is,how do we get Missouri movingin the right direction?

The Show-Me Institute iscommitted to freeing thestates education system fromthe connes of burdensomestate and local polices, whichare heavily inuenced by the

powerful teachers unions Overthe course of the past year, wehave been educating the publicand policymakers about manyof these issues

In his essay The SalaryStraitjacket: The Pitfalls OfPaying All Teachers The Same,Education Policy AnalystJames V Shuls documentedthat the way we pay teachers

has a negative impact on theteacher workforce Throughlocal policies, nearly everydistrict has decided to pay theirteachers according to a singlesalary schedule that dictateshow much a teacher will earn

based on years of experienceand advanced degrees Theseschedules make no distinctionfor performance or for anindividuals marketability

The end result is that mathand science teachers makeless, on average, than mostother teachers, includingteachers of non-core subjectssuch as band and physical

education The single salaryschedule constrains school

administrators from rewardingexceptional teachers for theirtalents and inhibits schoolsfrom retaining individuals withoptions in the marketplace

We have also kept up the ghtto make it easier to removeineffective teachers from theclassroom The research is clearthat having a low-performingteacher puts students at a

distinct disadvantage Accordingto Kelvin Adams, superintendentof the Saint Louis Public Schools,it takes him 100 days to removean ineffective teacher fromthe classroom The process toterminate that teacher can takemuch longer and cost a lot ofmoney, to the tune of tens ofthousands of dollars The lawsare slightly less restrictive in therest of the state, but still make

it difcult to remove a tenuredteacher based on his or herperformance We cannot sit idly

by while students languish in anincompetent teachers classroom

Shuls has also written andspoken extensively about howschool choice frees individualsto pursue the education that

will best meet their needs InaSpringfield News-Leader

opinion editorial, he relayedthe story of Randy GeorgesSr, an immigrant who came tothe United States to pursue a

better education Now, Randyand his family may have to


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uproot and move again toaccess a better education

for their children Thistype of situation happensthroughout Missouri becausemany families lack qualityoptions As Shuls pointedout, there are more than 500available seats in privateschools in Springfield Ifthe district contracted withthese schools, they couldsave more than $16 millionMoreover, they could equip

families with what they trulyneed, options

In the coming year, the Show-Me Institute will continue topress for policies that giveschools the ability to innovateand improve, while allowingparents to choose After all,the best form of accountabilitycomes from parents beinginvolved in their childs

education, not from prescribedmandates and interventionsfrom Jefferson City This will

be accomplished when:

Schools are free fromregulatory burdensthat limit their abilityto innovate or to makeimportant stafngdecisions, such as hiringthe best individual for

the job, regardless ofcertication.

Teachers are treated likeprofessionals, meaningthey are evaluated andpaid based on their

performance in theclassroom and are removed

if they are ineffective

Parents can direct publiceducation funding to theschool that best meetstheir childs needs,rather than being forcedto send them to a schoolthey are residentiallyassigned to attend

Without removing the

restrictions that limit ourschools potential, it isunlikely we will see improvededucational outcomes forMissouri students The realpathway to success willcome from freeing schoolsto compete and providingstudents with options

Jas V. Ss, p

Education Policy Analy

Missouri

education system

is middling, bu

the answer to ou

problems is not mor

money. The answeis more reedom

giving parent

reedom to choos

the best school o

their children


16/24


shoW-me inTernsand youTh ouTreaCh

Do you think that agovernment entity should

be allowed to spendyour tax money on a lobbying

campaign for the expresspurpose of being able to spendeven more of your tax money?Does that strike you as more thana little outrageous?

We agree and for thatreason, we were more thanhappy to support one of oursummer interns in 2012 who

wanted to tackle the topic ofintergovernmental lobbying, ortaxpayer-funded lobbying

We were pleased but notsurprised when Mary KateHopkins who had only justgraduated from college produced a hard-hitting and

well-reasoned commentary thatwas published in the Sept 10,2012, edition of the Columbia

Missourian

Along with the stimulating

presence of policy analysts,scholars, and professional staff,

we believe that the ability tooffer this kind of serious andchallenging work sets our spring,

summer, and fall internshipprograms apart and enables usto attract some exceptionallytalented and motivated students

Sufyan Katariwala, anotherthree-month intern, produceda video describing the programto other students, saying: If

youre a college student like mewho wants to join the fight forlimited government and freemarkets, while getting real-life

work experience plus gettingpaid consider a Show-MeInstitute internship

As long as we are able to attractyoung people like Mary Kate andSufyan, we know that we will notlose the battle of ideas as a resultof being unable to enlist newrecruits of outstanding caliber

In 2012, we also continued oneof our popular youth outreachprograms the Show-MeInstitute Book Clubs Withone club held at the Show-Me

Institute in Saint Louis andanother located in Columbia,Mo, these monthly meetingsprovide a place where interestedstudents and other community

members gather to discuss theprinciples that drive prosperityand freedom in a society

Toward the end of 2012, Show-

Me Institute Website and DataManager Josh Smith took on therole of leader for the Saint LouisBook Club Josh is passionateabout making the club evenmore valuable for participants,and implemented a thoroughredesign of the club based on theresults of a survey of past andcurrent attendees

In a new youth outreach program

that the Show-Me Institutelaunched in 2012, PolicyResearcher Michael Rathboneis challenging common mythsabout the Great DepressionIn a series of lectures titledWhy Was the Depression SoGreat? Rathbone combats theall-too-prevalent notion thatstrict adherence to free-marketprinciples was to blame for theDepression; he shows insteadhow foolish government policies

both provoked the crisis andforestalled an early recoveryRathbone gave his rst lecture tothe eighth-grade history class at

Westminster Christian Academyin Saint Louis County, receiving a

warm response from the studentsand winning praise from TimMuehleisen, the teacher

Michael was able to bring inhigher-level research than Ican and give the kids a neatperspective, Muehleisen said

Building on this success,Michael has expanded theprogram to other schools

Sfya Kaariwaa akig ab his gra

xric a h Shw-M Isi.


17/24


shoW-me evenTs

the ShOw-me inStitute SpOnSORedOR cO-SpOnSORed An ARRAy Of eVentSin 2012, which included:

Amity Shlaes, director for the 4% Project at theGeorge W Bush Institute, discussed CalvinCoolidge: The Best President You Never HeardOf The speech was based on her biography ofCalvin Coolidge

Arthur Brooks, president of the AmericanEnterprise Institute, spoke about The Road toFreedom The speech was based on his book,The Road to Freedom: How to Win the Fight

for Free Enterprise.

John C Goodman, research fellow at the IndependentInstitute and a health care economist, delivered alecture titled Reforming Healthcare By SeedingFree-Market Formation: Liberating Physicians,Empowering Patients, Injecting Competition

The Show-Me Institute celebrated Friedman LegacyDay 2012 with two events We partnered withthe Kansas Policy Institute for a presentation by

Virginia Walden-Ford on July 30 in Kansas Cityand the next day, our new education policy analyst,James Shuls, gave a presentation on educationalchoice at a policy breakfast in Saint Louis FriedmanLegacy Day honors Milton Friedmans vision andimpact on educational choice and is celebrated each

year on his birthday, July 31

messaGefromThe exeCuTive direCTor

How little we learn from history!We keep ghting the same oldbattles over and over ignoringthe lessons of the past telling usthe importance of freedom andresponsibility

Margaret Thatcher said it best:

The root of the matter is this: We have beenruled by men who live by illusions, the illusionthat you can spend money you havent earned

without eventually going bankrupt or fallinginto the hands of your creditors; the illusionthat real jobs can be conjured into existence

by government decree, like rabbits out of a

hat; the illusion that there is some other wayof creating work and wealth than by hard workand satisfying your customers; the illusion that

you can have freedom and enterprise withoutbelieving in free enterprise

The best weapon against these illusions is the truthIn the long history of humankind, no economicsystem has done more good for more people thanfree enterprise It has lifted billions of people outof poverty, restrained the pretensions of tyrants,and generated great advances in human knowledgeand technology We at the Show-Me Institute arecommitted to preserving the blessings of freedom foour state and country

AeIs Arhr Brks


18/24


mediaand soCial media

ShOw-me inStitutenewS mAkeRS

It would be an exaggeration to say

that the Show-Me Institute hasbecome a household name in theShow-Me State, but it is true to saythat our people are making the newson an almost daily basis in our state and sometimes beyond Withouta doubt, the Show-Me Institute has

become our states leading voice inspeaking out for human freedomand individual liberty and applyingthat message to a wide variety ofpublic policy issues

No matter what day of the week itis, and no matter where you are inthe state of Missouri, if you listen,

watch, or link to the media, thechances are good you will encountercomments about public policy fromShow-Me Institute policy analysts,

writers, and scholars

In the seven months from October2012 through May 2013, we

recorded 279 major media hitsin print or on the airways That is

well more than one a day

pRint

For the 13-person staff at the Show-Me Institute, ghting the battle of

ideas often begins with the printedword contained in researchpapers and written commentarieswhich leads to radio andtelevision appearances, testimony

before legislative or municipalgovernment, and lectures andother public appearances

In 2012, our analysts andresearchers turned out anaverage of four commentariesper month, and we placedarticles in all major newspapersacross the state as well as anumber of national publications

In reaching out to publicationsin smaller cities, towns, andsuburban communities, we havemade increasing use of letters tothe editor which often appearas mini-op-eds, running 300 to400 words rather than the usual500 to 1,000 words

RAdiO And teleViSiOn

The ability to reach people

through talk radio has expandeddramatically thanks to theInternet At work even on

vacation in another city peopleare able to tune to their favoritelocal radio programs any time ofday, and millions do

In 2012, Show-Me Institute PolicyAnalyst David Stokes anexpert on municipal and stategovernment became a regularon two major weekly radio shows,appearing at 8:35 am everyMonday on the McGraw Show on550 KTRS in Saint Louis with hostMcGraw Milhaven and at 10:15am every Thursday on the popularShow-Me at the Lake segment

with host Manny Haley on KRMSin the Lake of the Ozarks

In these programs, David coversa range of topics of local and

statewide concern everythingfrom a brouhaha over propertyrights and a lack of adequateparking at an often-crowded resortin the Lake of the Ozarks toEnhanced Enterprise Zones, tollroads, the states uniquely lowcigarette tax rates, and pitched

battles in city councils or localgovernment over Tax IncrementFinancing and other subsidized

development in Columbia,Ellisville, and Shrewsbury

When the US Supreme Courtruled in late June of 2012 on theconstitutionality of the AffordableCare Act (also known asObamaCare), Show-Me Institute

parick Ishmaaks abhah car KSDKnwsCha 5i Sai lis.

Micha Rahbdiscsss hRams Sadimsbsidy.


19/24


Policy Analyst Patrick Ishmaelbecame a sought-out guest onnumerous radio and televisionprograms around the state fordiscussing the implications ofthe courts ruling as it applied tothe proposed expansion of thestates Medicaid program (seearticle on p 8)

Other staffers have mademultiple radio and/or televisionappearances, including PolicyResearcher Michael Rathbone(discussing subsidies for sports

venues and public sector

pension reform), EducationPolicy Analyst James V Shuls(education reform), WesternMissouri Field Manager PatrickTuohey(Enterprise Zones andMissouris border war withKansas), and Policy ResearcherKacie Barnes (proposedairport expansion in Columbiaand the loopy idea of spendingmillions of dollars in taxpayers

money for an 8-mile LoopTrolley for University City)

In addition, CommunicationsDirector Rick Edlund has beena guest host on several recentoccasions on the McGraw Showon 550 KTRS in Saint Louis

Executive Director BrendaTalent made more than half adozen appearances in 2012 andthe first five months of 2013 onthe popular television talk show

Donnybrook on KETC Channel9 in Saint Louis to discusshealth care, tax subsidies, andother issues

teStimOny

In the rst four months of 2013,Stokes, Ishmael, Shuls, Barnes, andRathbone were also active in givingtestimony to different government

bodies appearing 22 times beforethe Missouri Legislature andanother four times at municipalgovernment hearings

SOciAl mediA

While the traditional mediaof print, radio, and TV remaincritical, the ubiquity of the Internetprovides new and powerfulopportunities to reach and engageaudiences through innovativecommunications channels:collectively known as social media

Through Facebook, Twitter,and other information-sharingplatforms, social mediaencourages your friends to

communicate with their friends,and their friends to contacttheir friends, and so on, in anever-widening circle

Led by two of our staffers Joshand Paul Smith, who are notrelated the Show-Me Institutemade a concentrated effort in2012 to engage more Missourians

via Facebook and Twitter

The results were dramatic

When the year began, the Show-Me Institute had 1,028 followers

on Twitter and 1,330 Facebookfans By the end of the year, wehad 562 new followers on Twitter,an increase of 55 percent; and2,293 new Facebook fans, anincrease of 172 percent

Whether it is via a Facebookprole or a Twitter account,supporters and allies can join

with the Show-Me Institute inworking to change hearts and

minds in Missouri and spread themessage of liberty

David Sksdiscssssas ax hMcGraw MihavShw.

Kaci Barsirviws ab arickig a a JBibr ccr


20/24


PubliCaTions

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febRuARy 8: Sig th Swrs:th Sw Sm of Sccss

febRuARy 10: My DwA Drai: th $7 Mii So Missris n-Shw Fb. 7eci

febRuARy 29: lad Bakig Is nMirac

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mARch 6: tIF Is A Bad Idatha Rfss t Di

mARch 19: Kds t MissriSa Fr Bckig Hahexchag

mARch 26: th Mai Srtry: A Sw Mi traiWrck

mARch 26: lad Bakig: A odIda Wih A pr track Rcrd

ApRil 2: D Bak o I: Wh ICms t Vaca prry, lar

Frm S. liss Fairs

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ApRil 10: Hah Car law ViasSd pbic picy I 10 Ways

ApRil 20: tIF Givs Ciis Aufair Advaag ovr ohr

Gvrms

ApRil 25: Why A WhigIcras I Missris Cigar taxIs A Bad Ida

ApRil 27: eeZs Ar A eZ paht Crra Wfar

June 12: W Wi tak I!

June 12: Kasas Ciy CiizsCmmissi: o S Frward,

tw Ss Back?

June 26: Missri Ca Cm Dsi Rc pr prfrmac

June 26: tax Icrm FiacigAd Cmbia, Missri

July 18: Shd Missriparicia I A Bri Madff-tySchm?

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eimiad

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AuguSt 7: Why ehacderris Zs Ar A Bad DaFr Missri Ciis

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Shig

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SeptembeR 13: Sch trasfrCas nds Cmm Ss

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SeptembeR 28: th lyRaia Fr A l try

OctObeR 4: lsss Fr Sailis Ad Kasas Ciy Frm thChicag tachrs Srik

OctObeR 9: Dis Abparkig Sirs u trb I thozarks

OctObeR 15: Sai lis GsBaark Viag Ad Y G thBi

OctObeR 18: Cmbia ShdRfrai Frm Raisig H taxs

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OctObeR 31: A lw-prfrmigSch By Ay ohr nam . . .

OctObeR 31: Cr pa RfrmsAr Gd Fr Missri

OctObeR 31: prsii B:Frcig Smkrs t Cgh u Fredcai

OctObeR 31: Rdcig thSiz of th Sai lis Bard ofAdrm

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decembeR 18: I Is tim tRfrm Mdicaid, n exad I

cOmmentARieS publiShed in 2012


21/24


incOme

Individual Donations: ......$1,334,831.00 ...............91.34%

Foundation Grants: ............$123,500.00 ................ 8.45%

Other Income: .......................$2,987.00 ................0.21%

tOtAl $1,461,318.00

expenSeS

Overhead: ..........................$307,949.00 .............. 22.26%

Program: ........................ $1,075,723.00 ............... 77.74%

tOtAl $1,383,672.00

StAtement Of finAnciAl pOSitiOn

Current Assets: ................. $382,230.00 ...............71.29%

Fixed Assets: ...................... $147,547.00 ...............27.52%

Other: ................................... $6,400.00 .................1.19%

tOtAl $536,177.00

febRuARy: Hsig Affrdabiiy:th Sai lis Cmiiv

Advaag

mARch: Aacks o Fair tax Arpragada, n ecmic Aaysis

ApRil: tax Icrm Fiacig AdMissri: A ovrviw of Hw tIFImacs lca Jrisdicis

June: Si Sidig Away: th WakRaiv Grwh of th Missriecmy

July: Vira Bdd Wihtradiia larig Ca C CssAd H Sds

SeptembeR: Shd Missri RaisIs Miimm Wag?

OctObeR: th Saary Sraijack:th pifas of payig A tachrsth Sam

nOVembeR:Cig th tis thaBid: ed Missris CrraIcm tax

decembeR: taxayr-Fddlbbyig: Gvrm lbbyigGvrm

decembeR: A Cmaris ofMissri psi pas

decembeR: A primr o MissrisFdai Frma Fr K-12 pbicedcai

StudieS publiShed in 2012

Individual Donations

Foundation Grants

Other Income

Program

Overhead

Current Assets

Fixed Assets

Other

Note: The board o directors has made a commitment to cover the basic operationalexpenses o the Institute. The board has also completely covered overhead expensesSince 2006, donations rom supporters have unded education and research exclusiv


22/24


W. Bevis Schock - Secretary

Bevis Schock is a lawyer in solo practice in Saint

Louis. He ounded the Shrink Missouri Government

PAC, which challenged the constitutionality o

Missouris campaign contribution limits beore the

United States Supreme Court in 2000. He receiveda B.A. in history rom Yale University and a J.D.

rom the University o Virginia.

James G. Forsyth III - Director

James Forsyth is president and CEO o Moto, Inc.,

which operates the MotoMart chain o gas stations

and convenience stores. He is also president

and CEO o two other amily-owned businesses:

Forsyth Carterville Coal Company and Missouri

Real Estate. He serves on the boards o St. Lukes

Hospital, YMCA o Southwestern Illinois, and

Commerce Bank o Saint Louis. He has served

on the boards o Webster University and Forsyth

School. He holds a bachelors degree in economics

rom the University o Virginia.

Kevin Short - Vice Chairman

Kevin Short is managing partner and CEO o

Clayton Capital Partners. In addition to contributing

to various national trade and business publications,

he is the co-author o Cash Out Move On: Get

Top Dollar And More Selling Your Business. He is

chairman o the Today & Tomorrow Educational

Foundation, past president o the Board o

Education and current chairman o the Finance

Council or the Archdiocese o Saint Louis, board

member o the Childrens Scholarship Fund, and

past member o the Chess Club and ScholasticCenter o Saint Louis.

Stephen F. Brauer - Director

Stephen Brauer is chairman and CEO o Hunter

Engineering Company. From 2001 to 2003, he

served as U.S. Ambassador to Belgium. He has

served on numerous charitable and civic boards,

including the Saint Louis Area Council o Boy

Scouts, the Saint Louis Art Museum, and the

Missouri Botanical Garden. He is a trustee o

Washington University in Saint Louis, a member o

its executive committee, and a part owner o the

St. Louis Cardinals.

Crosby Kemper III - Chairman

Crosby Kemper III is executive director o the

Kansas City Public Library and ormer CEO o

UMB Financial Corporation. He co-ounded and

is chairman o the Show-Me Institute. He is the

editor o, and contributor to, Winston Churchill:Resolution, Deance, Magnanimity, Good Will. He

has served on the boards o the Thomas Jeerson

Foundation, the Kansas City Symphony, the Black

Archives o Mid-America, Union Station Kansas

City, and Laphams Quarterly. He helped Marilyn

Strauss ound the Heart o America Shakespeare

Festival and was its frst board chair. He also

ounded and chaired the St. Louis Shakespeare

Festival. He received a bachelors degree in history

rom Yale University.

Joe Forshaw - Treasurer

Joseph Forshaw is president and CEO o Saint

Louis-based Forshaw, a amily-owned business

ounded in 1871. He has served or several years

as an advisory director or Commerce Bank, and is

the managing partner o several amily real estate

partnerships. An alumnus o Saint Louis University

High School, Forshaw received both his B.A. and

J.D. degrees rom Saint Louis University.Rex Sinquefeld - President

Rex Sinquefeld is co-ounder and ormer co-chairman o Dimensional Fund Advisors, Inc. He

also is co-ounder o the Show-Me Institute. In

the 1970s, he co-authored (with Roger Ibbotson)

a series o papers and books titled Stocks, Bonds,

Bills & Infation. At American National Bank o

Chicago, he pioneered many o the nations frst

index unds. He is a lie trustee o DePaul University

and a trustee o the St. Vincent Home or Children

in Saint Louis, and serves on the boards o the Saint

Louis Symphony Orchestra, the Saint Louis Art

Museum, the Missouri Botanical Garden, Opera

Theatre o Saint Louis, and Saint Louis University.

He received a B.S. rom Saint Louis University and

his M.B.A. rom the University o Chicago.

Louis Griesemer - Director

Louis Griesemer is president and CEO o

Springfeld Underground, Inc. He previously

served as chairman o the National Stone, Sand,

and Gravel Association. He currently serves on the

Advisory Board or UMB Bank in Springfeld and

on the board o Burgers Smokehouse in Caliornia,

Mo. He holds a bachelors degree rom Washington

University in Saint Louis.

boardof direCTors


23/24

23

Hon. Robert M. Heller - Director

Robert Heller is a retired judge who served or

28 years on the Shannon County Circuit Court

in Missouri, where he presided over a broad

range o civil and criminal cases both locally and

throughout the state. He has served as a membero several Missouri court-related committees

and as a district chair or the Boy Scouts o

America. He holds a J.D. rom the University o

Missouri-Columbia and a B.A. in philosophy rom

Northwestern University.

Michael Podgursky - Director

Michael Podgursky is a proessor o economics at

the University o MissouriColumbia, where he

served as department chair rom 1995 to 2005,

and is a ellow o the George W. Bush Institute.

He has published numerous articles and reportson education policy and teacher quality. He

serves on advisory boards or various education

organizations, and editorial boards o two education

research journals. He earned his bachelors degree

in economics rom the University o Missouri-

Columbia and a PhD in economics rom the

University o Wisconsin-Madison.

Gerald A. Reynolds - Director

Gerald A. Reynolds is general counsel, chie

compliance ofcer, and corporate secretary or

LG&E and KU Energy. He also was a deputy

associate attorney general in the U.S. Departmento Justice. In 2004, President George W. Bush

designated Reynolds to serve as chairman o the

U.S. Commission on Civil Rights, and in 2002

appointed him assistant secretary o education

or the Ofce o Civil Rights. He received his law

degree rom Boston University School o Law and

his B.A. in history rom City University o New York.

Steve Trulaske - Director

Steve Trulaske is owner o True Manuacturing

Company, which his ather, Bob, co-ounded in

1945. He has served on the Board o Trustees

or DePauw University and John Burroughs HighSchool, and is a member o the Board o Directors

or the Weber Grill Company. He has been an active

member o the Young Presidents Organization

and now is a member o the CEO Organization.

He graduated rom DePauw University with a

bachelors degree in English; he also earned a

masters degree in sports administration as well as

an MBA degree rom Ohio State University.

BOARD OF

SCHOLARS

MICHELE BOLDRIN

Research FellowWashington University

in St. Louis

SUSAN K. FEIGENBAUM

Research FellowUniversity of Missouri

St. Louis

BEVERLY GOSSAGE

Research Fellow

RIK W. HAFER

Research FellowSouthern Illinois Universi

Edwardsville

JOSEPH HASLAG

Chief EconomistUniversity of Missouri

Columbia

MICHAEL PODGURSKY

DirectorUniversity of Missouri

ColumbiaGeorge W. Bush Institute

DAVID C. ROSE

Research FellowUniversity of Missouri

St. Louis

DANIEL THORNTONResearch Fellow

HOWARD WALL

Research FellowLindenwood University

BONNIE WILSON

Research FellowSaint Louis University

STAFF

BRENDA TALENT

Executive Director

RICK EDLUND

CommunicationsDirector

ELIZABETHLANIER-SHIPP

Director ofDevelopment

ANDREW B. WILSON

Fellow andSenior Writer

DAVID STOKES

Policy Analyst

PATRICK ISHMAEL

Policy Analyst

JAMES V. SHULS

Education PolicyAnalyst

PATRICK TUOHEY

Western MissouriField Manager

MICHAELRATHBONE

Policy Researcher

KACIE BARNES

Policy Researcher

SUSAN E. SAGARRA

Editor

JOSH SMITH

Web Site andData Manager

PAUL SMITH

DevelopmentAssistant


24/24

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Show-Me Institute Annual Report, 2012

Documents

Transcript of Show-Me Institute Annual Report, 2012