The $51.7 million document bumps tuition for students by 1.76 percent and gives staff a two percent increase in pay.
Some last-minute adjustments were needed after Governor Jay Nixon announced he was withholding more than $600 million from the budget due to cuts. That included more than $600,000 for Missouri Western.
"(Our budget) anticipates and plans for those funds to be held aside by the governor," said Cale Fessler, Vice President for Financial Planning for the university. "We've tried to take that into account here. Certainly, if those funds are released, that's obviously a good thing for the university. We have tried to plan."
If the governor releases those funds, Fessler says there are several capital projects the university has been delaying and the money could go toward funding those.
Missouri Western receives less in state funding than all other public universities in the state.