re: SEC university debt.

quote:

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I always assume that "debt" as listed by a public institution is simply accounting manipulation and justification for raising tuitions.

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You assume incorrectly.

For the record, Alabama's total current and non-current liabilities are $1.98 billion. Auburn's are $1.65 billion.

Both increased substantially last year to recognize about $500 million each in RSA pension liabilities after implementing GASB 68.