Missouri governor OKs $700M budget hike, mainly for Medicaid

2 years 5 months 1 week ago Friday, April 06 2018 Apr 6, 2018 Friday, April 06, 2018 11:45:40 AM CDT April 06, 2018 in News
By: The Associated Press

JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens has approved an additional $700 million of spending this year.

Greitens signed the supplemental budget bill Thursday.

The measure adds roughly $705 million in spending authority to this fiscal year's $27.7 billion budget. The fiscal year ends in June.

It mostly covers funding for higher-than-expected costs in the Medicaid health care program for low-income residents. Senate Appropriations Committee Chairman Dan Brown has said Medicaid costs make up about $622 million of the increase.

Most of the money is federal spending. State general revenues account for only $162 million of the increased spending, but that's more than what lawmakers initially expected to spend on the mid-year budget adjustment.

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