I work at a state university in TN. We are having this issue. Administrators are sucking up all the funds, wasting it on crap we don't need (like remodeling the President's office for a 3rd time in the last 10 years), or spending it wastefully ($7500 for software that we can't even fully utilize). Sure it may sound like sour grapes, but IT lives in the basement of the 60 yr old former Admin bldg, with asbestos in the walls, ceilings, and floor tiles. While the administration is paying to have the ground floor, and 2nd floor renovated (asbestos abatement with everyone still in the bldg), the basement, where we the bulk of our enterprise is housed, will not be touched. We don't even have properly functioning generators.
Meanwhile, our football coach just received a 100k salary increase (to almost 700k/yr) for having a 7-5 season in Conf USA. Our President is taking the entire western half of the 2nd floor for a PERSONAL OFFICE SPACE, instead of moving our development staff out of the basement and into a more conventional location. Don't forget that our President has already had his current office re-furb'd, at least twice already with plans for a 3rd...needless to say, it's insanity. People are leaving left and right.
I hate it here...sadly, this is where I chose to go for my BA...over 10 years ago. They're running it into the ground as fast as they can.