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May 8, 2013Jefferson City, MO | By: AP
Missouri public schools and universities will be getting a funding increase under an agreement by legislative budget negotiators.
A group of House and Senate members decided Tuesday to provide a $25 million funding increase to public colleges and universities based on whether they have met performance criteria such as student graduation rates. That's less than the $34 million increase sought by Gov. Jay Nixon but more than the House had approved earlier this year. The budget also includes $10 million for the University of Missouri medical school to expand a residency program at the Cox Health system in Springfield. Public school districts would get a $66 million increase to their $3 billion of core funding _ the same amount Nixon recommended.