Friday, April 25, 2014

University of Maine at Fort Kent has plan to cut budget by $1.8 million - Nell Gluckman, Bangor Daily News

The University of Maine at Fort Kent will resolve its portion of the $36 million systemwide budget gap by a projected increase in enrollment and leaving six full-time equivalent faculty and staff positions open, according to President Wilson Hess. The university has been tasked with cutting $1.8 million or about 12.4 percent of its budget to resolve a shortfall that system officials say was caused by flat funding from the state, frozen tuition rates and rising costs. Hess said that the university has budgeted for an increase of $200,000 in tuition revenue because of a projected increase in enrollment, particularly from out-of-state students. “We count our blessings,” Hess said. He does not anticipate that the university will be forced to lay off any faculty or staff. http://bangordailynews.com/2014/04/16/news/aroostook/university-of-maine-at-fort-kent-has-plan-to-cut-budget-by-1-8-million/