JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is proposing additional money for K-12 schools, colleges and universities and early childhood programs in the next budget.
The governor's budget released Monday for the fiscal year that starts July 1 would add $66 million into Missouri's roughly $3 billion school funding formula. But state government would need to add a total of $686 million next academic year to meet the full amount called for by the formula.
Nixon proposes to increase funding for public colleges and universities by an average of 4 percent, with each institution's raise based upon performance.
The proposed budget also calls for doubling state funding for preschool and early childhood programs.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)