Budget Cycle

Governor Submits Budget
February (30 days after legislature convenes)
Fiscal Year Begins
July 1 

Governor Signs Budget 
45 days after legislature adjourns

Budget Links 

FY2023 (proposed)
FY2022 (enacted)
FY2021 (enacted)
FY2020 (enacted)
FY2019 (enacted)
FY2018 (enacted)

Proposed Budget - Fiscal Year 2023

On January 19, Missouri Governor Michael Parson released his fiscal 2023 budget proposal that calls for $46.72 billion in total spending, a 33.7 percent increase from fiscal 2022. The total spending increase is heavily driven by an increase in federal funds, which are projected to grow $9.23 billion, or 65.1 percent in fiscal 2023. The budget calls for $12.06 billion in spending from general revenues, a 15.6 percent increase from fiscal 2022. Fiscal 2023 revenues are forecasted to grow 2.1 percent compared to the revised fiscal 2022 estimate. The ending balance for fiscal 2022 is projected at $1.57 billion. The total budget is comprised of federal funds (50 percent), general revenue (26 percent), and other funds (24 percent). In addition to releasing his fiscal 2023 budget proposal, the governor also released his plan for American Rescue Plan Act (ARPA) State Fiscal Recovery Funds.

Proposed Budget Highlights 

The governor said that due to the state’s strong economic performance and secure financial position, Missouri has the opportunity to make fundamental improvements to the state that will serve Missourians now and into the future. The budget proposal is focused on: continuing to improve infrastructure, including historic investments in roads and bridges, clean water, and broadband; expanding successful workforce development programs; investing in K-12 and higher education; and supporting public safety. The governor’s budget priorities include:


  • Childcare support and investments ($722M): strengthening the state’s childcare network, developing the childcare workforce, and increasing childcare quality
  • Higher education institutions ($51.6M): increasing core funding
  • Educator recruitment and retention ($21.8M): strengthening teacher recruitment and retention, including increasing baseline educator salary to $38,000
  • A+ Schools Program ($6M): providing scholarships to eligible graduates
  • Dual credit and enrollment scholarships ($7M): funding dual credit and enrollment scholarships for low-income Missouri students


  • Small business investment ($94.9M): providing access to capital funding
  • MoExcels ($31.5M): facilitates the development of employer-driven workforce education and training programs in high-demand occupations
  • Missouri One Start ($11M): helping employers hire and retain employees
  • Missouri Technology Corporation ($4M): assisting emerging high-tech companies

Stronger Communities

  • 988 Crisis Hotline ($28.5M): will serve as the emergency hotline for mental health crises
  • Substance use reform ($10.9M): grants for localities to fight the opioid epidemic and help prevent overdose deaths
  • 911 dispatch centers ($4.4M): modernizing the network to improve public safety
  • Telehealth victim services ($4M): creating a 24/7 telehealth network

Health Care

  • Provider rates and value-based payments ($955M): standardizing rates and incentivizing providers to improve the quality and value of care
  • Veterans homes ($23M): increase support for veterans and veterans homes
  • Missouri Autism Centers ($4.2M): help double capacity at autism centers
  • Prescription drug monitoring program ($2.5M): implementation of 2021 bill


  • Broadband grants ($56.2M): funding is in addition to ARPA funding
  • Transportation cost-share ($75M): provides financial assistance to applicants for road and bridge projects
  • Rural routes ($100M): for low-volume routes across the state
  • Public transit ($12.9M): financial and technical assistance to transit providers

Government Reform

  • Investing in the state workforce ($228M): pay increase for state team members
  • Cash operating expense fund ($281M): setting aside 2.5 percent of prior year revenue collections to achieve greater financial stability
  • Bond debt repayment acceleration ($100M): paying off outstanding debt
  • MO Healthnet eligibility redeterminations ($16.8M): ensuring program integrity
  • MOSERS state pension ($500M): in addition to annual contributions


The governor’s plan for ARPA funds is focused on the principles of being sustainable; having long-term benefits; having a sizeable impact across the state; ensuring the state has the capacity to administer the funding; being directed at programs, not projects; and leveraging funds through matching funds. The governor’s recommended uses are directed at the following areas: 

  • Including broadband, water, wastewater, and stormwater

Economic and community development:

  • Including workforce, education, digital modernization and better government, public safety, and tourism


  • In total, the governor is recommending $3.12 billion in spending from ARPA State Fiscal Recovery Funds. By department, the largest categories are:
  • Economic Development ($786.7M)
  • Public Safety ($579.4M)
  • Natural Resources ($545.3M)
  • Higher Education and Workforce Development ($493.4M)
  • Office of Administration ($228.3M)
  • Mental Health ($180.2M)
  • Health and Senior Services ($88.6M)
  • Social Services ($77.0M)