Thursday, August 10, 2017

MSU tapping into reserves to cover $641,000 budget shortfall - Lana Sweeten-Shults, Times Record News

A big cut in state funding for Midwestern State University — about a half million dollars more than expected each year over two years — meant a big challenge in preparing the university's budget for fiscal year 2018. Administrators in May had planned for a reduction in state funding of $1.2 million a year, but MSU came out worse. It is losing about $1.75 million in state appropriations per year through the biennium. http://www.timesrecordnews.com/story/life/community/2017/08/03/msu-tapping-into-reserves-cover-641-000-budget-shortfall/538137001/

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