Governor Mike Parson signed the Fiscal Year 2025 (FY25) state operating and capital improvement budget bills. The Missouri FY25 state operating budget is approximately $50.5 billion, including $14.9 billion in general revenue. Additionally, Governor Parson issued 173 line-item vetoes, totaling $1 billion. The FY25 budget bills include billions of dollars for critical infrastructure projects:
$1.5 billion for broadband investments in rural and underserved areas of the state.
$577.5 million to pave the way for I-44 expansion from St. Louis to Joplin.
$290 million to boost road and bridge projects within the Statewide Transportation Improvement Program.
$27 million to help upgrade Missouri’s airports across the state.