Missouri governor approves 2023 budget
Missouri – The governor signed Fiscal Year 2023 state operating budget bills on June 30.
The budget is approximately $47.5 billion, including $12.5 billion in general revenue. Missouri is going into FY 2023 with a nearly $3 billion surplus in general revenue. Public higher education institutions will receive $460.1 million for capital improvement projects.
Some of the requests for funding from higher education institutions included the University of Missouri wanting $115 million to develop a new research complex in Columbia centered on nuclear medicine and the campus research reactor. Southeast Missouri State University in Cape Girardeau asked for $11 million for an expanded performing arts center, and the State Technical College of Missouri in Linn requested $20 million to renovate its engineering and welding technology centers.
In addition to higher education, hundreds of millions of dollars in the FY 2023 budget bills were allotted for infrastructure projects to include the following:
- $608 million for investments in drinking water, wastewater, and stormwater infrastructure.
- $356.5 million for broadband expansion projects.
- $160 million for efficient and innovative transportation projects across the state.
- $100 million for rural route repair projects.
- $75 million for the Transportation Cost-Share program.
- $8.5 million for rural health telehealth access.
- $12.9 million for public transit.
- $20 million to upgrade and improve Missouri’s 57 area career centers.
- $104.7 million for a new public safety crime lab that will assist local law enforcement agencies.
- $78.6 million for the construction of a new multidisciplinary state health lab.
In addition, the Missouri governor issued 32 line-item vetoes, totaling nearly $644 million.