Budget cuts force sacrifice due to $96M shortfall - Chris Zawistowski, Rutgers Daily Targum

According to University President Richard L. McCormick, this might be the most difficult budget year the school has ever faced. The University worked this summer to close a $96 million budget hole, created by a $46 million cut in state aid, along with a 4 percent cap on in-state tuition hikes and an estimated $30 million due to all University employees in salary raises. “This year’s difficult budget situation will require all members of the Rutgers community to work together to maintain our commitments to high-quality teaching, research and service to the people of New Jersey,” McCormick said at a July University Board of Governor’s meeting.