UMass starts budget year down $46 million - Kristin Palpini, Amherst Bulletin

With passage of a state budget by the House and Senate last week, the financial picture has become clearer for the University of Massachusetts - and it isn't pretty. Unless the governor makes changes to the budget - which he still must approve and sign - UMass Amherst started the new fiscal year Thursday with $46 million less than it received this year. In a message to the campus this week, Chancellor Robert C. Holub called the budget situation "stark." And, he said, the UMass board of trustees could decide to call a special meeting to pass an emergency fee increase.