CAPE GIRARDEAU — The president of Southeast Missouri State University said a "challenging" financial period may be on the horizon.
Ken Dobbins told the Southeast Missourian newspaper that the state used stimulus money to maintain its level of funding to public universities. In return, those universities did not raise fees as part of an agreement with Gov. Jay Nixon.
But Dobbins said the $5.4 million in stimulus money to SEMO goes away in 2012. He said state revenue must grow significantly or tough financial decisions will be necessary.
In anticipation for a potential shortfall in 2012, Dobbins said the university is building fund balances, making small cuts and evaluating open positions.