Mississippi's higher education officials last week said they have $683.9 million in capital needs, and they hope the Legislature will address some of that with bonding capacity next year.
Between 2000 and 2012, the university system's annual enrollment increased by 23%, an increase of 17,500 students.
Although there has been a 23% increase in the number of degrees granted in the last 12 years, the system has seen a 13% reduction in the cost per degree granted, according to higher education commissioner Hank Bounds.
"State support has also declined during this time," he said. "Although today's leaders understand the importance of increasing the number of Mississippians holding a credential of value beyond high school, investing in higher education has declined."
In 2000, state appropriations provided more than half the funds necessary for universities to operate, while tuition provided about a third of the funds needed, he said.
"Today, those roles have reversed, with tuition comprising well over half and appropriations standing at 37%," Bounds added.
The College Board last week approved construction, repair and renovation projects for eight universities totaling $683.9 million. The list will be submitted to the 2013 Legislature.
