Missouri State Budget News

JEFFERSON CITY

The Missouri Senate will be working this week toward putting together the state’s next budget.  The Senate Appropriations Committee will hold hearing starting today on a $26-billion dollar budget for the fiscal year that starts in July.  As passed last month by the house, the budget includes a two-tiered funding plan for public school districts and higher education institutions.  Schools for example, would get a minimum of $122-million dollars over their current $3-billion dollars of basic aid.  However, if revenues come in higher than expected schools could get the full $278-million dollar increase originally sought by Governor Nixon.  A final budget is expected in May.

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