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Holden responds to House compromise on tobacco securitization

Governor Bob Holden responded to the House passage of a bill that limits him to usage of 150 million dollars of tobacco securitization funds, but the Governor says he still wants more.

Holden says he is pleased with the progress, but will still urge the Senate to increase the amount taken from the tobacco settlement funds. He says the more money taken from these funds means the less money that will have to be taken out of education. Governor Bob Holden

As it stands, the Governor says 82.3 million dollars will have to be cut from education. Holden says 75 percent of this figure will come from elementary and secondary ed., and the remaining 25 percent will come from higher ed.

In Jefferson City, Megan Murphy, for Missouri Capitol Caucus

The Governor says this debate has not been a political contest, but is about two differing views on how to reach the same goal.

In addition, Holden plans to encourage school superintendants to contact their Senators and express the need for a complete education budget.

In Jefferson City, Megan Murphy, for Missouri Capitol Caucus