CHAPEL HILL, N.C. -- Officials at North Carolina's colleges and universities say they need more money for maintenance.
A lot more money.
The News & Observer of Raleigh said a report Wednesday showed the University of North Carolina-Chapel Hill needs $645 million for maintenance that has been delayed for years.
Campus officials cite several reasons, including a history of underfunding repair and renovations to state buildings and state lawmakers' decision to cut a reserve fund intended to pay for repairs. That cost the Chapel Hill campus $1 million this year. It could lose more than $5 million in the coming school year.
A two-year-old study of the UNC system estimated deferred maintenance costs at public universities at nearly $3 billion.
It's unclear if lawmakers will borrow the money for repairs.
Information from: The News & Observer
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