Wednesday, February 22, 2012

Focus on Colleges and Universities: Governor’s 2013 Budget Proposes Reduction of Funding for Higher Education

On January 17, 2012, Governor Nixon released the proposed 2013 budget for the State of Missouri.

The Governor’s budget contained provisions to maintain relatively level funding for several crucial State Scholarship programs, including Bright Flight, Access Missouri and A+.   In terms of core funding to the State’s Community Colleges and Four-Year Colleges and Universities, the Governor’s budget for 2013 proposes the following reductions from the 2012 appropriation levels:

  • Community Colleges – recommendation of $114,463,381 for funding, which is a decrease of more than 12% from the 2012 appropriation
  • Four-Year Colleges and Universities – recommendation of $623,195,793 for funding, which is a decrease of more than 13% from the 2013 appropriation

We will continue to provide updates on the State’s funding for Higher Education as the Governor’s proposed budget for 2013 evolves.

For more information, please contact:

Brent Stevens, CPA - St. Louis
Partner-In-Charge, Colleges & Universities Services Group
314.290.3428
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Jeff Winter, CPA - St. Louis
Partner-In-Charge, Public Sector Industry Group
314.290.3408
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Kaleb Lilly, CPA - Kansas City
Partner, Colleges & Universities and Public Sector Industry Groups
913.499.4417
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