- Associated Press - Thursday, April 24, 2014

JEFFERSON CITY, Mo. (AP) - A Missouri Senate panel adopted a state budget plan that includes a two-pronged funding plan for public schools that bases their state aid on economic performance.

The Appropriations Committee on Wednesday endorsed its plan for state spending during the fiscal year that begins July 1. The budget bills now head to the Senate floor for approval. Lawmakers have until May 9 to pass the measures.

The Senate plan would add $115 million to Missouri’s $3.1 billion in basic aid for school districts. But it also authorizes an increase of up to $278 million if revenues meet Gov. Jay Nixon’s more optimistic projections.

The House took a similar approach when it passed a spending plan earlier this year but tweaked the dollar amounts.

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