Florida universities say declining money for construction and maintenance is possibly the biggest budgetary challenge the schools are facing.
As Florida homes have become more energy-efficient, the state is collecting less in taxes for the Public Education Capital Outlay fund that funds building projects.
The Florida Board of Governors will put together a a task force to study the issue, according to the Tampa Bay Times. Here’s the scope of the problem:
Legislators did manage to find some PECO money for universities by the end of the session — $30 million all told, and about $7 million for maintenance, but the board says it needs between $200 million and $400 million each year to maintain and modernize university buildings across the state.