DALLAS -- Missouri residents will vote Tuesday on a tax revenue limitation amendment that could result in more than $1 billion in state budget cuts next fiscal year and severely curtail bond issuance in the region.

"If the amendment is approved, it's a virtual consensus that the bond business will dry up for 12 to 24 months or potentially longer," said James Moody, a former Missouri budget director who analyzed the tax and revenue proposal for the measure's opponents. "There will be no market."

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