Wednesday, July 13, 2011

UNC system will lose $414 million from the state - Jane Stancil, News Observer

Reductions will be 15 percent, or $79 million, at N.C. State University, and 14 percent, or $13 million, at N.C. Central University. The UNC system as a whole will be cut $414 million in the fiscal year that started July 1. UNC-Chapel Hill's funding from the state will be reduced by nearly 18 percent - or more than $100 million - making the historic flagship the hardest hit among the UNC system's 17 campuses. The allocations were approved Thursday by the UNC Board of Governors' budget and finance committee, acting with the authority of the full board. At NCSU, state appropriations make up about 42 percent of overall funding. And at UNC-CH, the state money was 22 percent of the campus's $2.4 billion operating budget in 2009-10.he cuts will play out in varying ways at the universities. State funding accounts for just part of the total budgets of UNC system schools. At smaller campuses that don't bring in federal research grants, for example, the state dollars make up a large share of the funding
.