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May 9, 2022Jefferson City, Mo. | By: AP
JEFFERSON CITY, Mo. (AP) - Missouri lawmakers are set to pass a roughly $48 billion state budget bolstered by federal aid. The deadline to pass a budget is Friday.
The spending plan includes enough money to fully pay for public K-12 busing costs and a program to increase teacher pay to at least $38,000 a year.
Local districts would need to kick in 30% of needed funding to get a 70% match from the state for teacher raises.
The budget also pays for expanded access to the Medicaid health care program and a 5.5% funding increase for four-year colleges.
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