The members of the Missouri House of Representatives this week approved a state operating budget for the upcoming fiscal year that begins in July.

With the FY 2024 state budget plan, House members are making an enormous investment in both the K-12 and higher education systems. The House allocated approximately $9.7 billion for the state’s elementary and secondary education system. That number includes full funding for the state’s foundation formula that is used to fund K-12 public schools. It also includes an additional $233 million to provide a total of $347 million to fully fund school transportation for the second time in as many years.