Campus facing $31M structural budget problem, chancellor says - Drew Debro, Kaleo News

UH Mānoa is losing money because falling enrollment is beginning to parallel falling state and federal dollars, Interim Chancellor Robert Bley-Vroman said at the first campus-wide conversation of the semester Tuesday. “If you were looking at your checking account balance and noticed it was going down every month, you would want to know why," Bley-Vroman said. "This is the position we are in now.” The chancellor said the Board of Regents has established a goal for Mānoa to retain 16 percent of its revenue. Currently, the campus is retaining less than 5 percent of its annual revenue. http://www.kaleo.org/news/campus-facing-m-structural-budget-problem-chancellor-says/article_b1b2aea6-4eb7-11e4-a70f-0017a43b2370.html