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Missouri Governor Drops Idea of Borrowing From Universities

January 6, 2012
 

Missouri Governor Jay Nixon announced that he has dropped the idea of having the state borrow money from university reserve funds, the Associated Press reported. The idea he floated would have used the borrowed money to avoid deep cuts in state appropriations. But many legislators questioned whether this approach was sound fiscal policy and worried that the state universities might never get their money back.

 

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