JEFFERSON CITY, Mo. -- Gov. Jay Nixon reversed an $8.5 million cut to public colleges and universities because of improving state revenues. Nixon said Monday that he released the money to be distributed to higher education institutions.
Nixon also released several hundred thousand dollars that had been withheld from foster care programs, child-care subsidies and the State Historical Society of Missouri. The governor placed spending restrictions on about $15 million of items in the state's $24 billion operating budget when he signed it last June.
After his decisions on Monday, Nixon still has a block on nearly $6 million of spending. The governor says he's waiting to see if tax revenues continue to improve before making a decision on those other items.
Revenues are up 9.5 percent so far this fiscal year, compared to last fiscal year. For January alone, revenues were up 18.4 percent compared to January 2012. The state's fiscal year is July 1 to June 30.
----
From governor's office:
A complete listing of the additional funding is included in the chart below.
|
Institution/Program |
FY ’13 Additional Funding |
|
Crowder College |
44,444 |
|
East Central College |
50,353 |
|
Jefferson College |
73,870 |
|
Metropolitan Community College |
306,245 |
|
Mineral Area College |
48,456 |
|
Moberly Area Community College |
49,593 |
|
North Central Missouri College |
24,052 |
|
Ozarks Technical Community College |
100,852 |
|
St. Charles Community College |
75,459 |
|
St. Louis Community College |
440,354 |
|
State Fair Community College |
51,436 |
|
Three Rivers Community College |
43,039 |
|
Community College Subtotal |
1,308,153 |
|
Linn State Technical College |
46,168 |
|
University of Central Missouri |
526,110 |
|
428,861 |
|
|
793,429 |
|
|
174,387 |
|
|
Truman State University |
398,142 |
|
Northwest Missouri State University |
291,799 |
|
Missouri Southern State University |
225,663 |
|
207,954 |
|
|
Harris-Stowe State University |
95,887 |
|
3,980,006 |
|
|
Four Year Institution Subtotal |
7,122,238 |
|
Two and Four Year Institutions Total |
8,476,559 |
|
|
|
|
State Historical Society of Missouri |
100,000 |
|
|
|
|
Foster care outdoor program |
200,000 |
|
Health records system for children in foster care |
180,000 |
|
Hand Up Pilot Program subsidies for child care |
100,000 |
|
|
|
|
Total |
$9,056,559 |
----
Proposed Mo. higher ed formula would need $388 million
JEFFERSON CITY, Mo. -- A legislative committee says Missouri would have to spend an additional $388 million to fully fund a proposed budget formula for public colleges and universities.
The Joint Committee on Education released an analysis on Monday of the implications of its proposed higher education funding formula. The committee's proposal also calls for tying 10 percent of each school's funding to how well it does in meeting performance goals.
The committee's chairman, Republican Sen. David Pearce of Warrensburg, says Missouri has underfunded higher education and is unlikely to make up the shortfall immediately.
A state law gave the joint committee the job of developing a formula for higher education. The panel is accepting comments and plans to release its final report this month.
