The Missouri House of Representatives has approved the Fiscal Year 2026 state budget, allocating $47.9 billion for state operations. This budget reflects a reduction of nearly $5.8 billion from Governor Mike Kehoe’s proposed $53.7 billion plan, demonstrating the House’s commitment to maintaining a balanced and sustainable financial framework.
The House budget ensures Missouri remains in a strong financial position by preserving nearly $2 billion in reserves. This increase underscores the House’s emphasis on prudent fiscal management. The FY26 budget strikes a balance between fiscal discipline and strategic investments, funding critical areas such as education, public safety, transportation, and healthcare.
Investing in a Strong Education System
In the upcoming fiscal budget, Education remains a top priority, with historic investments aimed at supporting Missouri’s students and schools. The state plans to allocate $4 billion for public education, including an unprecedented $200 million increase in foundation formula funding—the largest single-year increase since the formula’s inception in 2005. Furthermore, $15 million in additional funding will be invested in providing K-12 transportation with the provisions in last year’s Senate Bill 727 receiving full funding. The State hopes to expand educational opportunities to previously unincluded groups by investing $50 million in the Empowerment Scholarship Program.
Preventing Foreign Election Interference
The Missouri House passed HB 794 this week, which defines election administration and imposes strict regulations on election-related funding. The bill prohibits government entities from soliciting, accepting, or using funds or services for election administration, unless they are minimal or provided by another government entity. It also bans participation in programs by organizations that receive foreign funding for election administration. The bill requires election officers to disclose memberships in such organizations and establishes penalties for knowingly accepting foreign-influenced funds. Supporters argue the bill closes legal loopholes and prevents outside influence in local elections.
