Thursday, July 05, 2007
Universities brace themselves for budget cuts
State Unversity System Chancellor Mark Rosenberg told university presidents to prepare themselves for a 10 percent budget cut on Tuesday morning. While no final decision on the cuts were made, presidents were put on notice that such a cut could be coming.
"We have been informed that the governor and the Legislature will instruct all agencies and entities to identify 10 percent of their budgets that could be eliminated for the 2007-08 and 2008-09 fiscal years," Rosenberg said.
The Governor's Office said agencies should anticipate a minimum reduction of 4 percent in recurring general revenue fund appropriations during fiscal years 2007-08 and 2008-09.
Posted by da rattler at 7:16 AM