UW Prepares for Possible Budget Cuts - University of Wyoming

Aiming to reduce its faculty and staff budgets without layoffs, the University of Wyoming has begun holding some positions open to prepare for a state budget cut of up to $15.7 million in fiscal year 2014. The actions are in line with UW's budget reduction plan presented in May to Gov. Matt Mead. Anticipating declines in state revenues, the governor in April asked state agencies to plan for possible 8 percent budget reductions for the fiscal year that begins July 1, 2013. For UW, the target would amount to $15.7 million. "It's important for the university to act now. I am committed to making any reductions in personnel through attrition, to the greatest extent feasible, rather than by layoffs," UW President Tom Buchanan says. "This will be possible only by acting immediately to reserve a portion of the salary and benefits vacated by retiring and resigning faculty, staff and administrators." By reducing spending in the current fiscal year, the university can lessen the need for potential layoffs if the full 8 percent reduction is ordered by the governor and the Wyoming Legislature. http://www.kgwn.tv/story/19885237/uw-prepares-for-possible-budget-cuts