House and Senate budget negotiators have finalized the 12 remaining bills that make up Missouri's state budget for Fiscal Year 2015.
Both sides signed off on increasing funding for K-12 schools by $114.8 million. If Gov. Jay Nixon's rosier revenue projections hold true, school spending would get a $278 million spending hike. Higher education would increase by $43 million, about 5 percent. State Rep. Rick Stream, R-Kirkwood, chairs the House Budget Committee. He said they also put money in next year's budget to help finance a new state mental hospital at Fulton.