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Floyd Encourages MU Staff to Seek Private Funds

By K. Lavery, KWMU

St. Louis, MO – In the face of possible deep budget cuts in higher education, University of Missouri system president Elson Floyd says the institution can still expand by developing public-private partnerships.

He says though the university receives funding primarily through state appropriations and tuition and fees, private philanthropy is a crucial part of the revenue stream. Floyd says he's challenging campus administrators to think about ways to create new educational programs.

Missouri's fiscal crisis has prompted Governor Bob Holden to propose withholding $40-million from the MU system. Floyd was a guest on KWMU's St. Louis On the Air program Tuesday.