Mo Governor Announces Restricted Funding Release

Missouri Governor Mike Parson has announced the release of the nearly $281 million dollars of general revenue previously restricted due to potential impact of COVID-19. Initially, the restrictions for the 2021 fiscal year budget totaled $438 million dollars. There were previous releases of $38 million in general revenue in October 2020 and $119 million in January of 2021.

However, with a current unemployment rate of 5.8 percent, Missouri is outpacing its economic forecast and continues to see strong signs of recovery.

The state’s monthly general revenue report released earlier this month showed that net general revenue collections for January 2021 increased 18.3 percent compared to January 2020, increasing from $860.7 million last year to $1.02 billion this year.

Some specific restricted funding lifted includes $123.4 million dollars for the Department of Elementary and Secondary Education for the foundation formula and $1 million dollars for the Parents as Teachers Program. The Department of Higher Education and Workforce Development Department will receive $1,000,000 for the Bright Flight Program. The Department of Health and Senior Services will receive nearly $4.7 million dollars for Area Agencies on Aging.