JEFFERSON CITY — Missouri Gov. Jay Nixon is cutting funding for public schools and universities to help balance the state budget.
Nixon is cutting basic state aid by 7 percent for public colleges and universities for the next school year — an increase from the 5.5 percent reduction that had been approved by lawmakers. The governor also plans to cut about $8 million from what lawmakers had approved for busing aid to public school districts. That money could later be restored if revenues are strong enough.
Nixon planned to formally announce his budget cuts later Friday. School officials who had been briefed on the cuts confirmed them.
The cuts would come from Missouri's $23 billion budget for the 2012 fiscal year that starts July 1.