<p>Pretty short-sighted</p>
<p>No More University Buildings, Says Indiana Governor</p>
<p>More bad news for architecture firms and construction companies hurt by canceled and postponed building projects. Gov. Mitch Daniels of Indiana has called for a two-year moratorium on university construction a proposal that could affect $200-million in projects in the current state budget, according to The Courier-Journal. The governor also proposed stopping most other state construction projects, with the exception of two prisons.</p>
<p>State Budget Director Chris Ruhl said growing payments on bonds issued for past university construction projects are eating up dollars that could be spent on other higher-education priorities, the paper reported. Indiana has $1.2-billion in outstanding, state-funded university debt more than one-fourth of the states total debt load. That will require the state to spend $176-million this year on bond payments, a 35 percent increase from 2007.</p>