The Bakken oil boom is making North Dakota rich! Too bad its universities are falling apart:
Students returning this week will attend classes in buildings without adequate ventilation or fire detection systems and in historic landmarks with buckling foundations. A space crunch is making it difficult for researchers to obtain grants and putting the accreditation of several programs at risk, administrators say.
“It’s embarrassing,” said North Dakota state Representative Kathy Hawken, a Republican from Fargo who sits on the higher education funding and budget committees. “We have a divided legislature on higher ed: Some think we put too much money into it and some think we don’t put enough. Buildings aren’t people, so we don’t put dollars there” [Jennifer Oldham, "North Dakota Universities Crumble as Oil Cash Pours In," Bloomberg, 2014.08.26].
Moving that money from petro-tax revenues to classrooms is complicated: Oldham reports that 30% of the money is locked up in a state trust fund until 2017, while another big chunk goes to municipalities. The $300 million the North Dakota Legislature gets faces competition from road needs. While the universities need $808 million in repairs, the state also needs $925 million to fix roads statewide over the next two years, including $485 million for repairs to industry-battered oil-patch roads.