State spending soars for the next fiscal year
JEFFERSON CITY — Missouri Gov. Mike Parson has signed a roughly $30 billion budget outlining state spending for the next year.
Parson on Monday approved the package of budget bills for the fiscal year that begins in July.
The budget includes $61 million more in core K-12 public school funding compared to this year. That meets funding goals outlined in state law.
Colleges and universities are each set to get at least $1 million more in funding.
The spending plan also includes $50 million in un-earmarked general revenue on bridge repairs next fiscal year, plus another $50 million for a local cost-share program.