Closing campuses, raising tuition by 48 percent or laying off 1,290 employees are some of the dire scenarios Nevada's Board of Regents were given Tuesday as ways to cut higher education spending by $147 million. The regents held a videoconference meeting from sites in Reno, Las Vegas and Elko to discuss how higher education can absorb a proposed 22 percent cut in state funding to help offset the state's about $1 billion revenue shortfall.