February 11, 2005

Colleges facing another reduction: Gov. Granholm proposes midyear cut of $30 million

Universities and colleges that have experienced tens of millions of dollars in state funding reductions may face more losses this year. A proposed spending plan announced Thursday included a midyear cut of $30 million in funding for the state\'s 15 public universities and 28 community colleges. A recent plan to offset the $30 million cut is to issue bonds. Harvey Hollins, WSU vice president for government and community affairs, said schools are not better off if the bond money is reserved. \"If we cannot use bonds for general operations, taking a cut this time in the fiscal cycle is very painful,\" he said.

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