Missouri’s public colleges and universities were notified Monday that they will absorb more than half the $146 million in spending cuts Gov. Eric Greitens announced were necessary to square up this year’s state budget. Now they are waiting to hear how much state funding to expect next year.
Higher education officials said it’s one thing to manage through this year’s cuts — including a loss of nearly $68 million in core funding for day-to-day operations — but it’s not yet clear if the lower funding is here to stay and if it will go even lower.
The cuts represent about 8 percent of core funding for Missouri’s two- and four-year colleges and universities.
The withholdings probably won’t immediately affect tuition rates, though they do void an agreement made last year for colleges to freeze tuition in order to receive a 6 percent increase in core funding.
Going forward, higher education officials anticipate a rocky future as the governor figures out how to address the looming budget crisis.