JEFFERSON CITY, Mo. - UPDATE 5 pm: Gov. Greitens presented the budget proposal on Monday afternoon.
The proposal includes increases in funding for infrastructure, education, public safety, and programs to protect Missouri's children.
Greitens said the increases are possible because of funding reductions in spending on higher education institutions, efficiencies in Medicaid spending, and other reductions in government spending.
“The budget we’re introducing today is a common-sense, conservative budget. We’re watching out for the tax dollars of the people of Missouri, making important investments in Missouri’s future, and also making tough decisions to make sure we don’t burden our children with debt,” said Greitens.
Greitens hopes to have a $87 million increase in funding for K-12 education, $162.8 million increase in funding for roads and bridges, $25 million for jobs and infrastructure funds to pay for key infrastructure projects that will attract jobs, and more than $29 million in new funding for programs that assist Missouri's vulnerable children.
ORIGINAL STORY: Gov. Eric Greitens is scheduled to release his budget proposal for the 2018 fiscal year.
The state is projecting roughly $200 million less in revenue growth next year, with just 2.5 percent revenue growth.
ABC 17 News will be with the governor for the 4 p.m. presentation, which it will be streamed live on abc17news.com.