Senate OKs budget plan cutting back $50 million from education foundation formula
JEFFERSON CITY, Mo. – The Missouri Senate has completed its work on the state’s $27.8 billion budget, but one thing remains clear: the Senate and House do not see eye to eye when it comes to how education dollars should be spent.
The Senate on Wednesday pushed forward with their position, coming up $50 million short of fully funding the state’s K-12 education system as the House had intended.
Just one year prior, a bipartisan group of senators pushed back against GOP leadership to fully fund the education foundation formula for the first time in the state’s history.
This year, however, their vote shortchanged the formula, instead allocating some of that money to other items, such as $25 million added to K-12 school transportation and about $15 million for nursing home facilities’ reimbursement rates.
Read more: https://themissouritimes.com/50585/senate-oks-budget-plan-cutting-back-50-million-from-education-foundation-formula/