Posted: Jan 28, 2013 8:19 PM by KOMU Staff
Updated: Jan 28, 2013 9:20 PM
JEFFERSON CITY - Missouri Governor Jay Nixon is proposing additional money for K-12 schools, colleges and universities and early childhood programs in the next budget. The governor's budget released Monday for the fiscal year that starts July 1 would add $66 million into Missouri's roughly $3 billion school funding formula. But state government would need to add a total of $686 million next academic year to meet the full amount called for by the formula.
Nixon proposes to increase funding for public colleges and universities by an average of 4 percent, with each institution's raise based upon performance.
The proposed budget also calls for doubling state funding for preschool and early childhood programs.