Gov. Nixon has announced another $280 million in program cuts to take effect July 1. The cuts are in response to Missouri’s revenues continue to decline and because legislators failed to pass some money-saving measures that were assumed in the latest budget.
Big hits include:
— $70 million from school transportation aid, meaning districts in the 2010-2011 academic year will get less than half the amount they were supposed to get in 2009-2010 before that also was cut.
— $50 million from the Access Missouri college scholarship program, which had been budgeted to get $83 million next school year. The program offers financial-need based scholarships of up to $4,600 a year for students at private institutions, $2,150 for students at state universities and $1,000 for those at community colleges.
— $47 million of reductions to Missouri’s tax credit programs, which provide about $600 million annually of incentives, largely for developers and various social causes.
With Neosho’s large bus fleet and rural status, the transportation cuts will be another burden that the local district will have to deal with.
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