Sunday, July 1, 2012

SEMO regents pass $98.3 million operating budget - Erin Ragan, Southeast Missourian

Budget planning for 2013 was based on an anticipated 8 percent cut, equal to $3.3 million, to state appropriations for the university. In response, the board in May approved a tuition raise -- 3 percent for in-state students, 6 percent for out-of-state students -- and several cost-cutting measures are planned, including changes to employee benefit programs, combining the university's College of Science and Mathematics and the School of Polytechnic Studies into the College of Science, Technology and Agriculture, eliminating some vacant staff positions and replacing retiring tenured faculty with nontenured instructors as well as reducing instructional operating budgets and noninstructional operating budgets. Those cuts combined with changes made in previous years means the university has put $14.3 million toward the $20 million shortfall its budget review committee determined in March 2010 would occur between 2011 and 2015, said Kathy Mangels, the university's vice president of finance and administration.

http://www.semissourian.com/story/1862394.html