Missouri enters a new budget year

Local News
Missouri capitol building_1490371753013.jpg

Missouri’s fiscal year 2020 is underway and the state budget is a whopping $29.7 billion. Here are the highlights of the budget plan:

*About 30% of the fiscal blueprint covers the healthcare costs of Missourians on Medicaid

*1.5% rate increases to Medicaid providers

*Gives corrections employees a pay raise of at least 3% for new workers and as much as 13% for 20-year veterans

*A 3% pay boost for all other state workers

*$50 million in general revenue for $301 million in bonding to repair 250 bridges

*$50 million for a cost-share program with local municipalities to fund road repairs

*$3.55 billion to fully fund the formula used to fund Missouri’s K-12 public schools – an increase of about $60 million from the previous state budget year.

*$108 million to fund K-12 public school bus transportation costs – a $5 million increase from the previous fiscal year.

*Core funding increased for all of Missouri’s public universities by $1 million with some, including Missouri State University, receiving as much as a $10 million boost. State Technical College received a $500,000 core increase and $500,000 for deferred maintenance.

*$5 million for alternatives to jail program for pre-trail electronic ankle bracelets

*$5 million for rural broadband grants

*$8 million in flood recovery aid

Gov. Mike Parson, a Republican, did not veto any line items in the budget – an uncommon occurrence for governors to take regardless of party.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local Sports

More Local Sports

National News

More National

World News

More World News

Calfano podcast

 Calfano podcast

Show Me Politics Podcast

Washington DC Bureau

Washington DC Bureau

Newsfeed Now

More Newsfeed Now

Trending Stories