University of Toledo

1958, Knowles met with Toledo City Council to secure a new plan for the future financing of the university, during the 1940s the 12 percent of the city's budget was allocated to the university and this percentage proved unsustainable. Council suggested that the university acquire financial assistance from the state of Ohio to relieve the city's financial burden.
Asa Knowles resigned the presidency that same year but William S. Carlson pursued the issue and three bills were introduced into the state legislature in 1959 to propose a student subsidy for the states three largest municipal universities, University of Toledo, along with the University of Akron and University of Cincinnati. The bills stalled but a $2 million levy was passed that same year to help sustain the university. Ohio's three largest municipal universities continued to push for financial assistance from the state and finally succeeded on July 1, 1967. The decision made the university a state university, after operating as a municipal university …