UNC-CH finance officer: ‘a lot up in the air’ regarding FY15 finances - Laura Oleniacz, Herald and Sun

UNC-Chapel Hill leaders don’t have a final budget from state lawmakers yet, but they’re taking steps to prepare for state cuts in fiscal year 2015. “(There’s) still a lot up in the air,” said Matthew M. Fajack, the University of North Carolina at Chapel Hill’s chief financial officer and vice chancellor for finance and administration. State budget negotiations aren’t finished yet, even though the deadline passed earlier this month state lawmakers targeted for finalizing adjustments to the fiscal year 2014-15 budget. Fajack told the UNC-Chapel Hill Board of Trustees finance committee on Wednesday that, based on information from the UNC System, they could see a net state funding cut at Chapel Hill of nearly $11 million. http://www.heraldsun.com/news/showcase/x1992158507/UNC-CH-finance-officer-a-lot-up-in-the-air-regarding-FY15-finances