How much MnSCU reserve money would be freed up?

I asked the Minnesota State Colleges and Universities system officials just how much reserve money the Dayton deal should free up for them.

The answer I recently received:

The estimated FY2012 reserves that MnSCU holds in the state’s coffers — projected as of this month — amount to about $94.4 million.

(I’m curious to see how much total money was on the line — including how much tuition and other revenue would have been lost in a shutdown — so we’ll see whether MnSCU has any estimates.)

Update: MnSCU spokeswoman Melinda Voss said the system doesn’t have any such projections.

About the blogger

Alex Friedrich

afriedrich@mpr.org

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.