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.