Missouri’s governor says state revenue projections are outpacing expectations and that the state’s unemployment rate is less than half than originally projected. Because of that, Governor Mike Parson is announcing $133-million in funding, primarily for education.
The governor says $61-million of CARES Act funding will go to K-12 education, which will be distributed to Missouri school districts. He says when the state restricted 436-million in spending earlier this year, Missouri’s unemployment rate was expected to be 16 percent. Instead, it’s seven percent.