Texas A&M's Loftin announces cuts - Sarah Ammerman, Texas A&M Battallion

One week after 66 Texas A&M employees lost their jobs, University President R. Bowen Loftin announced the University is currently considering a $60 million budget reallocation, which will impact 485 jobs starting in Sept. 2011. Because state funding pays for faculty’s wages, the 10 percent state reduction leaves the University no choice but to cut employees. Although the reduction amount from state funding will not be final until next summer, money will not go back to units or colleges but will be spent on other strategic priorities, Loftin said in a university-wide e-mail.