State of the State Recap
What students need to know about Gov. Nixon’s plan for MO
Governor Jay Nixon delivered his annual “State of the State” speech Monday night from the Missouri House Chamber. This annual address is the Governor’s opportunity to outline his plan for the upcoming year and to present his budget to the citizens of Missouri. For legislators and groups like ASUM, this is the first glimpse into the Governor’s budget proposal for the coming fiscal year.
|Year||UM-System Request||Total Received||Difference|
|2012||$ 427,957,662||$ 393,493,654||-8.1%|
|2013||$ 405,800,000||$ 398,000,626||-1.9%|
|2014||$ 400,300,000||$ 394,020,620*||-1.6%|
*Based on Governor’s Proposal without additional performance funding mechanism
Performance Funding Model
Governor Nixon’s has also proposed performance based funding for Missouri’s public colleges and universities. Standards would include retention and graduation rates, educational assessment scores, and specific measures for each individual institution. The University of Missouri is set to receive an additional $16.9 million if all goals are met. This will increase the amount of funding received by the UM-System by 4.3%.
State Bonding Initiative
In addition to the budget proposal and the performance funding model, Governor Nixon proposed the Building Opportunity in Our Schools Today bond initiative. BOOST is similar toSJR3 highlighted in our newsletter last week. Click here to see what initiatives this proposed bonding will be use for Missouri’s higher education system.
Read the entire text of Governor Nixon’s 2013 State of the State address.