Gov. Parson Cuts Spending As Virus Hits Economy

Meiying Wu / KBIA

Missouri Gov. Mike Parson says he's expecting a $500 million revenue shortfall this year because of the coronavirus pandemic. 

Parson on Wednesday cut roughly $175 million in state government spending to help bridge the gap.

Many of those cuts are to spending for public colleges and universities. Parson blocked more than $61 million from going to public four-year colleges and another $11 million intended for community colleges.

State Budget Director Dan Haug says Parson's action will free up money for the state to spend quickly on ventilators and other scarce supplies.

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