A balanced state budget that contains record funding for elementary and secondary education is now on its way to the governor’s desk. This past week the Missouri House and Senate gave final approval to the appropriations bills that make up the $29.7 billion state spending plan that provides funding to the state’s departments and programs.
For the third consecutive year, the budget approved by the General Assembly fully funds the school foundation formula with a total of $3.94 billion in funding. The total represents an increase of more than $61 million and brings the amount of funding for K-12 public schools to its highest level in state history. The education budget also includes a $5 million increase for a total of $108 million in funding for transportation expenses for local school districts. Additionally, the budget includes a $3 million increase for the Parents as Teachers program. In total, funding for pre-K-12 education is increased by $116 million in the spending plan approved by the legislature.
~ Read more in today’s Journal ~
By Sara Walsh