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The budget picture for Mizzou? Bleak with a few bright spots

As the General Assembly puts together a state budget for next fiscal year, Missouri’s public colleges and universities face a funding picture that would have been almost unthinkable a decade ago — a best case scenario in which their appropriations are cut by 5 percent and in-state, undergraduate tuition is frozen at current levels.

For Mizzou, that would mean a $10 million reduction in the current state appropriation of $189 million.

And, if that’s the cheeriest budget prospect, the picture gets worse very fast. Gov. Jay Nixon struck a bargain with public colleges last fall in which he promised to cut no more than 5.2 percent from higher education for fiscal year 2010-11 in exchange for the tuition freeze.

But, as Missouri tax revenues continue to plunge, it becomes questionable whether lawmakers in Jefferson City will be able to scrape together the money to meet that goal. Legislators will have to approve Nixon’s proposal for the 2011 state budget, which begins July 1, 2010.

Read more at Mizzou Weekly ...