Truman State is receiving $400,000 out of $8.4 million that Governor Jay Nixon is granting to Missouri’s higher education institutions.
Scott Holste, Press Secretary for Missouri Governor, said the economy is improving, which is the reason why Truman and other universities have received this money. Truman received 1 percent of the $8.4 million. The University is still deciding how best to use the funds.
University President Troy Paino said this money is what Nixon initially withheld at the start of the fiscal year. The Governor wasn’t completely confident the state would have enough money in the budget to cover all of the expenses, he said.
Holste said Missouri’s general revenue has improved by 18 percent.
Paino said the Governor is comfortable enough to release the money that was withheld from Truman.
Budget Director David Rector said because of the $400,000 Truman will have $100,000 extra to spend.
There are some ideas about how the money will be used but nothing is certain at this point, Paino said. He said the money will be invested toward academics. He said the money will impact the classroom learning experience for faculty and students. Rector said there are plans to help the science department by replacing anything old or outdated. He said the money will improve technology, specifically classroom technology. He said the money will also be used to improve campus Internet. Paino said the final decisions will be made within the next few weeks.