In late April, the Missouri Senate Appropriations Committee approved a version of the state budget that would give Missouri State University increased funding for the next school year, and give additional funding to other universities in the state.
According to a press release, the version of the budget approved by the committee includes:
- A $10 million equity increase to Missouri State University’s ongoing core appropriation
- A $10 million appropriation for the University of Missouri’s precision medicine program
- A $1 million core operating appropriation increase for all other universities
- A block appropriation for the MoExcels program ($2.85 million designated for expansion of MSU’s nursing program)
A version of the state budget was passed by the House on March 26, which included a $4.7 million increase for Missouri State.
Ryan DeBoef, assistant to the president for governmental relations, said a conference committee made up of members of both the House and Senate will meet this week to reconcile differences in the budget.
From there, the budget will go to Gov. Mike Parson for approval. He must veto or approve the budget by July 1.
Missouri State currently receives less government funding than any other university in the state, per student. If fully approved by the Missouri legislature, the increased budget would bring MSU up to a tied position with the next lowest-funded university.
According to previous reporting by The Standard, DeBoef said in 2018 MSU received about $4,225 per full-time student. The next lowest was Missouri Southern State University in Joplin, at about $4,740.
During an April 17 Executive Committee meeting, the Missouri State Board of Governors approved a tuition increase for the next school year.
A 5 percent increase was approved during the meeting. A final decision on the increase will come in June.
DeBoef said this week the university’s executive budget committee will meet to develop budget recommendations to present to the Board of Governors. Specific recommendations about next year’s tuition will be included. How much of an increase students will see depends on the approved state funding.
In a previous article, The Standard reported that increased tuition could see Missouri undergraduate students paying $11 more per credit hour, creating an approximate increase of $374 per year.
However, even with an increase, MSU will remain one of the least expensive schools in the state.