Universities in Miss. Seek Predictable Funds For Buildings

Ann McClure's picture
Monday, August 20, 2012

Mississippi's public universities say they need $684 million in building renovations and new construction. Officials know lawmakers won't provide that much money next year. So instead, they'd like predictability when it comes to state bond funding.

The College Board voted Thursday to forward the top 10 construction priorities of each institution to the Legislature.

Lawmakers did not approve any bond funding in 2012. House members couldn't agree with Lt. Gov. Tate Reeves and the Senate over how much the state should borrow.

Reeves has made reducing state debt a priority, and touts the refusal to borrow as a success.

"It was time to draw the line and take a break from borrowing," the Republican said Aug. 1 at the Neshoba County Fair.

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