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Contact
Stephanie Fleming
(573) 882-8353
sfleming@missouri.edu

Columbia, Mo.— In his annual State of the State address, ����ʪ Gov. Mike Parson released his budget recommendations for fiscal year 2024, which include some of the largest investments in higher education in decades. Gov. Parson recommended a 7% increase, or $32 million, in core funding for the University of ����ʪ System — the largest increase in 25 years. The governor’s budget would provide $275 million for capital improvement projects at public higher education institutions. Gov. Parson also recommended $38 million for MoExcels, a ����ʪ Department of Higher Education and Workforce Development initiative that facilitates development and expansion of employer-driven education and training programs in collaboration with ����ʪ colleges and universities.

“Gov. Parson and the ����ʪ General Assembly have been strong partners for the four University of ����ʪ System institutions,” UM Board of ����ʪ Chair Michael Williams said. “We are encouraged by the governor’s budget recommendations and grateful for his leadership. Funding such as this enables us to maintain high-quality education and deliver on our research mission for the betterment of all ����ʪans.”

“For every state dollar invested in the University of ����ʪ System, ����ʪ taxpayers get a more than $15 return on their investment — demonstrating that an investment in the UM System is an investment in the vitality of our state,” UM President Mun Choi said. “With four universities, a healthcare system and Extension offices in every county in the state, the UM System reaches every citizen of ����ʪ and serves as a powerful engine for education, research and outreach. We are grateful to Gov. Parson’s leadership and commitment to higher education.”