Gov. Nixon proposes to tap university reserves

Friday, December 16, 2011 | 9:02 a.m. CST; updated 10:47 a.m. CST, Friday, December 16, 2011

JEFFERSON CITY — Gov. Jay Nixon wants five Missouri universities to consider tapping their reserves to help plug a hole in next year's state budget.

Nixon's proposal would call for the universities to provide the state $106 million from their reserves. The state would then pay that money back to the universities — essentially avoiding a deep cut in their operating budgets. Over the next several years, the state would replenish the university reserves with money from the Missouri Higher Education Loan Authority.

Nixon's budget director calls it only an idea, not a definite plan. The institutions whose reserves would be tapped are MU, Missouri State University, the University of Central Missouri, Southeast Missouri State University and Truman State University.

Some state lawmakers have expressed concerns about the proposal.


Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.