Missouri public school aid formula facing $700 million shortfall

Sunday, July 22, 2012 | 6:00 a.m. CDT; updated 2:35 p.m. CDT, Monday, August 6, 2012

COLUMBIA — Both returning and newly appointed state lawmakers will have to deal with a contentious, yet vital, issue: how to fully fund the foundation formula that determines how much state aid Missouri's public school districts get.