Laura King, chief financial officer for the Minnesota State Colleges and Universities system, explains to MPR’s Tim Post why legislators shouldn’t see colleges’ reserve funds as solutions to shortfalls in state funding:
“That wouldn’t be the way you’d want to use it. Because it creates a continuing obligation that you don’t have the resources for.”
Read Post’s article and listen to the audio here.
About the blogger
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.