UPDATE: Missouri governor proposes to tap university reserves

Friday, December 16, 2011 | 10:59 a.m. CST; updated 4:32 p.m. CST, Friday, December 16, 2011

JEFFERSON CITY — Gov. Jay Nixon wants five of Missouri's largest universities to consider tapping their reserves to help plug a hole in next year's state budget and avoid deeper cuts to the state's higher education system.

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