U. of Oregon Seeks to Trade Appropriations for Endowment
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Richard Lariviere, president of the University of Oregon, released a white paper Tuesday that suggests that the state replace annual appropriations with funds that would allow bonds to be issued to build up the university's endowment over a 30-year period. As The Oregonian reported, he argues that such a shift would allow the university to have more budget stability and to improve its programs. Key lawmakers, while not ruling out the idea, are making clear that they are skeptics. Dave Hunt, speaker of the House of Representatives, said that the idea sounded like giving a 30-year advance to his children on their allowances. "It has a way of getting spent more quickly, and mom and dad don't have accountability anymore," he said.