Universities in Missouri will get less money from the state for the next three months. Meghan Kloth has more from Jefferson City.
Governor Blunt's office is deferring payments of 100 million dollars to state universities for March, April and May. Spokesman Paul Sloka said this decision is because of a budget crunch.
"It's a tight budget time and everyone is aware of that. This is part of the governor's response to being fiscally responsible."
The budget is tight due to early income tax filings. After the state is finished paying refunds, they will give schools the rest of the money in June. From the state Capitol, I'm Meghan Kloth.
State universities will be missing a large chunk of change from the state in the next three months. Meghan Kloth has more from Jefferson City.
Governor Blunt's office is deferring payments of 100 million dollars to state universities. The University of Missouri system said it will not be affected by the postponed payments. Niki Krawitz is Vice President of Finance for the UM system.
"It's just a question of when the cash is going to come in the door. This will not affect any kind of spending or anything."
Five state universities and the UM system will not receive all their state money for the next three months. But all of the money will be paid back in June. Tuition and salaries for the University of Missouri will not be affected in the meantime. From the state Capitol, I'm Meghan Kloth.
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