Higher Education students and faculty were devastated when
Governor Nixon proposed a 12.5 percent funding cut during his
State of the State Address in January. Things changed after
Missouri won a mortgage settlement against the federal
government, freeing up an additional $40 million for higher
education. The General Assembly has to travel a long road in
political compromising by the budget’s May 11th deadline… Things
to Keep in Mind About Missouri’s Budget: Missouri has unique
mandates and situational circumstances that both complicate and
define our budgeting process for the state level… - Missouri’s
constitution includes a Balanced Budget Amendment. This means
that the state of Missouri will not pass a budget which will
spend more revenue than is actually available, thus preventing a
budget deficit. - The Hancock Amendment is a tax and expenditure
limitation that prevents the state from collecting more than 5.6
percent of an individual’s income tax. As of this year, income
taxes collected are $4 billion be