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10-01-2016 LSU Pregame

Governor Nixon releasing additional funds from budget

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Governor Nixon releasing additional funds from budget

(KTRS) – Governor Jay Nixon is releasing more education funds. The governor’s office says continued revenue growth means he can release nearly $70 million for this year’s budget. $10 million will serve as transportation aid for school districts and $15 million will be used for college scholarships. Nixon had restricted the money last summer to […]

Governor Nixon releasing additional funds from budget

(KTRS) – Governor Jay Nixon is releasing more education funds.

The governor’s office says continued revenue growth means he can release nearly $70 million for this year’s budget. $10 million will serve as transportation aid for school districts and $15 million will be used for college scholarships. Nixon had restricted the money last summer to keep the budget balanced but he says state revenues now are sufficient to spend it.

Revenue is up more than 7-percent for the fiscal year, which ends June 30. Nixon is still blocking $269 million in the budget.

 

The Associated Press contributed to this report

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By Colin Jeffery

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