The Missouri Senate passed this week a proposed $30 billion state budget for the 2020 fiscal year beginning in July. The highlights of the fiscal plan include:
*A 3% pay increase for all state workers. Corrections workers would get another 1% pay boost for every two years of service, not to exceed 20 years.
*$8 million in state aid for rebuilding efforts caused by recent flooding
*$5 million to expand broadband internet access
*$3.5 billion for the formula used to fund Missouri’s K through 12 public schools – a $62 million increase over the current year.
*A K-12 school transportation budget of $112 million – an increase of $10 million more than the current year.
*$79 million for Access Missouri, $43.5 million for A+ and $10 million for the Fast Track Workforce scholarship programs.
Core funding for Missouri’s colleges and universities include:
$417 million for the University of Missouri System
$84.3 million for Missouri State University
$54.5 million for the University of Central Missouri
$45 million for Southeast Missouri State University
$40.8 million for Truman State University
$30.3 million for Northwest Missouri State University
$23.3 million for Missouri Southern State University
$21.4 million for Missouri Western
$20.6 million for Lincoln University
$9.6 million for Harris-Stowe State University
$5.5 million for State Technical College of Missouri
Budget negotiations will begin soon between members of a House and Senate conference committee.
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