Missouri's college savings plan will now have lower administrative costs.
At a press conference at the University of Missouri St. Louis today, Missouri State Treasurer Clint Zweifel announced a new five-year management agreement with Upromise Investments and Vanguard that will decrease the cost of the MOST 529 plan by 44 percent. The partnership is estimated to save Missourians $18.5 million.
Governor Jay Nixon is calling for cuts to higher education, fewer state jobs, and holding public school funding at its current level in his proposed state budget for next year. But he kept his State of the State Address upbeat while acknowledging that Missouri is still in a financial hole. St. Louis Public Radio’s Marshall Griffin reports.
In 2011, crews will complete a new ramp connecting Interstate 270 and Page Avenue, says Bill Schnell, MoDOT's assistant district engineer in the St. Louis area. They'll also finish MoDOT's portion of the Route 141 extension in West County.