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 

FY2025 (proposed)
FY2024 (enacted)
FY2023 (enacted)
FY2022 (enacted)
FY2021 (enacted)
FY2020 (enacted)

Proposed Budget - Fiscal Year 2025

On January 24, Missouri Governor Michael Parson released his fiscal 2025 budget proposal calling for $52.7 billion in total spending, a 6.3 percent increase from fiscal 2024. Most of the increase in fiscal 2025 is related to additional federal funds. Federal funds are recommended at $25.9 billion in fiscal 2025, a 41.0 percent increase from fiscal 2024. The budget recommends $15.0 billion in spending from general revenues, a 5.1 percent decrease from fiscal 2024. The total budget is comprised of federal funds (50 percent), general revenue (28 percent), and other funds (22 percent). Fiscal 2025 revenues are forecasted to grow 0.2 percent compared to the revenue estimate for fiscal 2024. The ending balance for fiscal 2025 is projected at $1.7 billion. 

Proposed Budget Highlights 

The governor’s “No Turning Back” budget is focused on continuing to put people first and maintaining the state’s historic progress. The budget proposal is directed towards continuing to rebuild and repair roads and bridges; support K-12, higher education, and workforce training programs; and build stronger communities. Highlights of the budget include:


  • $120.6 million to fund the state’s elementary and secondary education formula, bringing the base foundation funding for public education to more than $3.7 billion.
  • $14 million for school transportation costs.
  • $51.7 million to increase subsidy rates for childcare.
  • $32.5 million to increase core funding by three percent for higher education institutions, community colleges, and the State Technical College of Missouri.
  • $4 million to strengthen teacher recruitment and retention by providing state funds to local school districts for increased baseline educator salary of
  • $40,000 per year.
  • $3.8 million to provide school services to help at-risk youth graduate from high school     and successfully transition to post-secondary education or meaningful employment.

Workforce Development 

  • $314.7 million for higher education capital improvement projects.
  • $54.4 million for MoExcels to facilitate the development of employer-driven workforce education and training programs in high-demand occupations.
  • $10 million to increase competitiveness for semiconductor manufacturing.
  • $6 million to establish the new Upskill Credential Training Program.
  • $5.4 million for a new Midwest Critical Minerals Innovation Center.
  • $3.1 million to expand and support registered youth apprenticeships.


  • $1.5 billion to partner with the federal government in broadband deployment, focusing on unserved and underserved areas.
  • $290 million in funding for projects in the Statewide Transportation Improvement Program (STIP).
  • $93 million to continue partnering with local governments to improve low-volume rural roads.
  • $27.3 million to partner with the federal government in improving airports statewide.
  • $11.6 million to support key investments in port improvement projects.
  • $5.2 million for Missouri River flood resiliency.
  • $1.3 million to support the development of Missouri’s critical mineral resources.

Government Reform

  • $234.3 million in increased funds to better maintain and repair state facilities.
  • $111 million for a pay increase for state employees, including a 3.2 percent cost-of-living increase for all state team members as well as additional salary increases for continuous service.
  • $42 million for statewide technology investments.
  • $13.1 million to modernize the Department of Corrections’ offender management system.
  • $4 million for social service call center improvements.
  • $3.9 million to improve the recruitment, licensing, management, and support of Missouri foster families. 

Stronger Communities

  • $14.2 million to support opioid addiction prevention services, as well as expand access to naloxone and fentanyl test strips.
  • $3.5 million for creating an agriculture resiliency fund.
  • $1.8 million for water patrol enhancements.
  • $1.5 million to address Missouri veteran and homelessness housing needs.
  • $1.4 million to provide additional crime lab case management support.
  • $1.1 million for Missouri Task Force One to assist local emergency agencies facing a disaster response. 

Mental Health and Health Care

  • $86 million to provide MO HealthNet behavioral health services for an additional $1,260 individuals and waiver services for 1,900 new individuals with developmental disabilities.
  • $12 million to continue supporting Missouri veterans and veterans’ homes.
  • $10.4 million for enhancing treatment services in recovery high schools.
  • $7.2 million to support the implementation of a new fetal and maternal mortality prevention plan.
  • $5.6 million to create a career platform for individuals working in long-term care facilities.
  • $4.5 million to provide funding for 20 additional behavioral health residency slots.
  • $3.5 million to help alleviate health care staffing shortages by developing new medical residency programs.