Missouri governor OKs $700M budget hike, mainly for Medicaid - KCTV5 News

Missouri governor OKs $700M budget hike, mainly for Medicaid

Posted: Updated:
Missouri Gov. Eric Greitens has approved an additional $700 million of spending this year. (AP File Photo) Missouri Gov. Eric Greitens has approved an additional $700 million of spending this year. (AP File Photo)
JEFFERSON CITY, Mo. (AP) -

Missouri Gov. Eric Greitens has approved an additional $700 million of spending this year.

Greitens signed the supplemental budget bill Thursday.

The measure adds roughly $705 million in spending authority to this fiscal year's $27.7 billion budget. The fiscal year ends in June.

It mostly covers funding for higher-than-expected costs in the Medicaid health care program for low-income residents. Senate Appropriations Committee Chairman Dan Brown has said Medicaid costs make up about $622 million of the increase.

Most of the money is federal spending. State general revenues account for only $162 million of the increased spending, but that's more than what lawmakers initially expected to spend on the mid-year budget adjustment.

Copyright 2018 The Associated Press.

Powered by Frankly
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2018, KCTV; Kansas City, MO. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.