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Oct. 23, 2013Jefferson City, MO | By: AP
Missouri Gov. Jay Nixon says he is working toward full funding for public schools by the time he leaves office in January 2017.
This year's budget includes has about $3 billion for elementary and secondary schools. But that's roughly $600 million less than what is called for under Missouri's school funding formula for this year. The amounts prescribed by the formula change yearly. If schools receive all of the funds in this year's budget, Missouri would have to spend an additional $560 million to meet next year's target. Nixon addressed the issue in a speech Monday to higher education officials. He won a second term as governor last year and is barred by law from seeking a third term.