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.
Under U.S. Treasury Department guidelines, we hereby inform you that any tax advice contained in this communication is not intended or written to be used, and cannot be used by you for the purpose of avoiding penalties that may be imposed on you by the Internal Revenue Service, or for the purpose of promoting, marketing or recommending to another party any transaction or matter addressed within this tax advice. Further, RubinBrown LLP imposes no limitation on any recipient of this tax advice on the disclosure of the tax treatment or tax strategies or tax structuring described herein.
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