University of Maine Fort Kent budget cuts total $500,000 - Julia Bayly, Bangor News

Drops in enrollment coupled with systemwide budget woes have forced the University of Maine at Fort Kent to come up with a half-million dollars in reductions for this fiscal year by eliminating one salary position, reducing hours and calling for voluntary furlough days. “For the past two months I have met with my cabinet to discuss what we have to do to reduce expenses,” Dr. Richard Cost, UMFK president, said Friday afternoon. “We recognized in order to achieve fiscal sustainability we needed to reduce $500,000 from our budget.”