By Jeff Murphy,
January 18, 2023
Missouri Gov. Mike Parson, second from left, chats with members of the University
of Central Missouri's Board of Governors, from left, Zac Racy (former student board
member), Ken Weymuth and Dr. Gus Wetzel II during a previous stop at the university.
WARRENSBURG, MO – In his State of the State address presented from the Missouri House
Chamber in Jefferson City today, Gov. Mike Parson announced his proposal for a balanced
fiscal year 2024 budget that includes a 7 percent increase in core funding for the
state’s public colleges and universities.
The proposed FY 2024 budget, which has a heavy emphasis on the state’s infrastructure,
must now travel through the legislative process for consideration by the House and
Senate. The governor’s plan for higher education represents a $4.1 million increase
in core funding over FY 2023. It also includes $38 million in additional funding for
MoExcels projects, and $275 million in support for capital projects at Missouri’s
colleges and universities. This includes funding that benefits the University of Central
Missouri’s renovation of the Humphreys Building.
“We are exceptionally grateful for Governor Parson's long-standing support for higher
education and the ŷƵ,” said UCM President Roger Best.
“His proposed core and capital appropriations are vital in the current inflationary
environment and for our continued efforts to modernize our facilities.”
He added, “The governor's fiscal year 2024 budget recommendations are an important
first step in the legislative process, and we appreciate his desire to ensure UCM
and all of Missouri's public higher education institutions continue to lead from a
position of strength.”
Gov. Parson met with higher education leaders in mid-December to discuss his proposed
plan to increase core funding. If approved, this would be the largest state appropriation
for public higher education during Parson’s tenure as Missouri’s 57th governor. He
has served the office since 2018, after previous service in the Senate.
“From the time Mike Parson served in the state Senate, he has supported higher education
in Missouri,” said David Pearce, a former Missouri legislator who serves as UCM’s
executive director for governmental relations. “His proposed higher education budget
is a big win for Missouri students and their families. We look forward to working
with the legislature as the budget works through the legislative process.”
The Missouri legislature has until May 5 to adopt the final budget. It becomes effective
July 1.