Missouri governor announces education funding cuts
JEFFERSON CITY, MO (AP) – Missouri Gov. Jay Nixon is making more cuts to public education because of a decline in casino and lottery revenues.
Nixon announced more than $35 million of new spending restrictions Tuesday. That’s on top of $22 million of restrictions announced in April.
The Democratic governor said lottery and casino revenues are not meeting the amounts assumed in the 2014 budget that runs through June 30. Because the gambling revenues are dedicated to education, Nixon says the cuts must come from that area.
He said the K-12 school funding formula will lose $24.6 million in the latest round of cuts, raising the total cut tomore than $40 million.
Nixon said universities would lose an additional $10.5 million, raising the total higher education reduction to nearly $17 million.