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Sherrer calls fund report 'dim-witted'

"If whoever did that were a student of mine, I would have failed him," Kansas Board of Regents vice chairman Gary Sherrer said about what he called a "dim-witted" report issued recently by the Flint Hills Center for Public Policy. The report said that the state had $2 billion in unused funds that could be used to cover the state's budget shortfall and cut taxes. Sherrer and regents chairwoman Jill Docking said that many university funds are designated and can't be raided for other purposes.