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Columbia, Mo.— In his annual State of the State address, è��app Gov. Mike Parson released his budget recommendations for fiscal year 2024, which include some of the largest investments in higher education in decades. Gov. Parson recommended a 7% increase, or $32 million, in core funding for the University of è��app System — the largest increase in 25 years. The governor’s budget would provide $275 million for capital improvement projects at public higher education institutions. Gov. Parson also recommended $38 million for MoExcels, a è��app Department of Higher Education and Workforce Development initiative that facilitates development and expansion of employer-driven education and training programs in collaboration with è��app colleges and universities.

“Gov. Parson and the è��app General Assembly have been strong partners for the four University of è��app System institutions,” è��appBoard of Curators Chair Michael Williams said. “We are encouraged by the governor’s budget recommendations and grateful for his leadership. Funding such as this enables us to maintain high-quality education and deliver on our research mission for the betterment of all è��appans.”

“For every state dollar invested in the University of è��app System, è��app taxpayers get a more than $15 return on their investment — demonstrating that an investment in the è��appSystem is an investment in the vitality of our state,” è��appPresident Mun Choi said. “With four universities, a healthcare system and Extension offices in every county in the state, the è��appSystem reaches every citizen of è��app and serves as a powerful engine for education, research and outreach. We are grateful to Gov. Parson’s leadership and commitment to higher education.”