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June 18, 2012ST. JOSEPH, MO | By: Wayman
Amid tough state budget times, Missouri Western is losing both money and a financial leader.
The St. Joseph school says operating funds per student, when adjusted for inflation, are down by about 18 percent in the last 4 years. The figures come from a report by a nationally recognized financial consultant. The report says reductions in state appropriations, state limits on tuition increases, and a continued upward push on costs all point to the slide in revenue continuing. The school is also announcing its vice president for financial planning and administration Mel Klinkner is leaving. He's been at Missouri Western since 2008, and is resigning to take a similar position at the University of Wisconsin-Parkside.