Caption: Booklet - State of University (1958)
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IV. The Budget Year Since the fulfilment of the needs and opportunities of the University in large measure is related to financial resources, it is obvious that the State of the University in the future will be greatly influenced by the actions of the General Assembly in 1959. T h e University has done its planning prudently and carefully, and the officers of the University have every reason to believe that the requests will be received by the Governor and the members of the General Assembly with sympathetic interest and understanding. Reference has been m a d e to the ten-year building program. We all hoped that accelerated progress in the development of that program would be authorized by the voters of the state in the bond issue proposal which was recently upon the ballot. A WORD ON THE BOND ISSUE Now that the bond issue has apparently failed of adoption in the referendum, some other way to finance the capital requirements will have to be found. T h e needs remain exactly as they were before the election. They are serious, and only prompt and effective action by the legislature can 4 prevent their r nilting in a deterioration in quality of service and a failure < to inert rifling enrolments and other- mounting obligations. It SSuring to note that among those who voted on the bond issue .1 22
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