How much U-Minnesota regents may want from state

MPR’s Tim Post has a story today on how the University of Minnesota Board of Regents is getting a first peek at the school’s budget request for lawmakers next year: a $1.2 billion increase in funding for fiscal years 2012 and 2013.

That’s about $50 million a year over what the university gets now — but still less than what the school got back in 2007.

It’ll be a tough sell, considering the deep cuts to the university’s state funding over the last couple of years and a state government that has to deal with a projected $6 billion budget deficit.

University Chief Financial Officer Richard Pfutzenreuter tells Post:

“We’re not foolish enough to think that the $5 billion state problem is going to disappear. But we are are going to advance our request … and have started to think about what the alternatives will be in case the state doesn’t come through that level of funding.”

You can find details and audio here.