Univ. prepares for third consecutive year of cuts - Red and Black

After three consecutive years of budget cuts, the University of Georgia is having a hard time determining how else to tighten the belt. Tim Burgess, senior vice president for finance and administration, said the University had to find what was the most important thing on which to spend money. “The real problem is that this is the third fiscal year we’re going through this,” he said. “One year you can kind of deal with. One year you can manage without a lot of significant reductions. Two years you have to squeeze and tighten up. But a third year and no formula growth puts our backs against the wall.” The University received a $32 million reduction in state appropriations and a $16 million reduction in formula growth money for fiscal year 2012.