Universities Say Governor's Increase Not Enough
But, leaders of some schools say it's not enough.
University of Missouri System President Elson Floyd met Tuesday with the House Committee on Higher Education to outline his concerns.
"You know, it's the old story. If you really want something to be top-notch, you're going to have to pay for it," said Rep. Barbara Fraser of St. Louis. "And our tax revenues are not going to be bringing in that kind of money unless we're clear about what we need to do to get it."
President Floyd appreciates the nearly $8 million in funding, but he told the committee it's not enough to cover the cost of higher education.
Floyd estimated the state university system will have to cut administrative costs by $12 million. That plus Blunt's proposed $7.8 million will equal almost $20 million, $13 million short of what Floyd said the universities need.
"It's not going to cover it," said Rep. Martin Rucker of St. Joseph. "So, we're starting off in the hole again."
In order to meet their budgets, some universities say they will have to raise tuition or cut scholarships and financial aid. Gov. Blunt's proposed increase is the first Missouri universities would receive in the past five years.