Missouri’s schools underfunded by $656 million

Thursday, March 20, 2014

Missouri’s K-12 schools are underfunded by $656 million in the 2013-2014 school year, according to a study released Wednesday by the Missouri Budget Project, a nonprofit that advocates for policies that help low- and moderate-income people.

The study, which uses the state’s “foundation formula” adopted by lawmakers in 2005, says funding for this year is 17 percent below its required level.

Its authors, including Executive Director Amy Blouin, said, “Missouri can’t afford to further erode its tax base with tax cuts that will make it even harder to invest in Missouri schools.

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