Thursday, March 18, 2010

U Minn needs budget clarity - Minnesota Daily Editorial

The University of Minnesota’s budget is in trouble. Unfortunately, this simple fact has become a political football rather than the starting point of a frank discussion. Though it is no secret, the details have become murky as competing interests jostle at the line of scrimmage. The University’s budget has shrunk, and difficult choices will have to be made. Excluding sponsored research, the University’s budget is down by almost $60 million since 2008, with tuition increases being far outpaced by cuts from the state. For next year, the budget hole grows to $132 million due to a combination of more state cuts, a calendar-mandated extra pay period and rising costs; scheduled tuition increases will net 35 percent of that while the remainder will have to come from internal cuts.