Missouri Gov. Matt Blunt late last week signed into law a $22.4 billion operating budget sent to him by lawmakers this past spring.

The state’s fiscal year began yesterday. The budget includes an additional $420 million for Medicaid, $120 million in education funding, and $24 million more for college scholarships. Blunt used his line-item veto powers to make five changes in funding for various items or programs. The governor originally proposed a $22.9 billion budget.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.