The plan keeps Budget Committee Chairman Rick Stream’s (R-Kirkwood) plan to create a new surplus revenue fund and put in it all revenue that comes in above the legislature’s estimate of revenue for the new year. Money in that fund could go to projects and programs that Governor Jay Nixon (D) proposed funding for that legislative budget makers don’t project there will be enough revenue to support.
The committee didn’t change Stream’s proposals for K-12 education funding. He suggests a $278-million increase, with $122-million of that coming from General Revenue and the remaining $156-million coming from that surplus revenue fund.
The committee did adopt amendments that would raise the proposed increase in performance funding for two-year and four-year institutions from 2-percent to 3-percent.
The budget bills must go through the House Rules Committee before they would be available for floor debate, which is expected to take place the week after next week’s legislative spring break.
(Mike Lear, Missourinet)
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