Tuesday, March 4, 2014
UMaine System budget shortfall prompts president of Orono campus to send letter warning of cuts - Nell Gluckman, Bangor Daily News
The president of the University of Maine sent a letter to faculty and other employees on Friday warning them of impending budget cuts on the Orono campus stemming from a $36 million shortfall affecting the University of Maine System in fiscal year 2015. UMaine’s portion of the systemwide budget gap is $11 million, which represents 4.8 percent of the university’s annual budget, president Paul Ferguson said in the emailed letter, a copy of which was obtained by the Bangor Daily News. The shortfall for the system in 2015 is 7 percent of the total UMS budget, with individual campus budget gaps ranging from 4.6 percent to 15.1 percent, Ferguson wrote.
http://bangordailynews.com/2014/02/21/news/bangor/umaine-system-budget-shortfall-prompts-president-of-orono-campus-to-send-letter-warning-of-cuts/