Abstract: In the current and future period of national finance in the state of tight balance, the contradiction between supply and demand of university funds is more prominent, especially the local public universities, the foundation of funding source is weaker, fund raising is proving more difficult. Taking Henan Province as an example, at present, public colleges and universities mainly face the dilemma of income-generating ability and large income difference. What's more, strong policy constraints, limited financing conditions, heavy debt burden, weak risk awareness, conservative financing thinking, insufficient policy support and other problems hold back the raising of found. However, the high-quality development of colleges and universities cannot be separated from adequate financial guarantee and good policy support. In order to promote the development of local public colleges and universities, firstly, we should dig deep and constantly stimulate the financing potential of colleges and universities; secondly, we should encourage colleges and universities to build diversified capital source channels in the market, and thirdly, we should take multiple measures simultaneously to continuously enhance the fund security ability of universities; Finally, we should create conditions to gradually form a good university financing environment.