Sunday, December 6, 2015

University of Montana faces $10M to $12M budget shortfall - KEILA SZPALLER, Missoulian

The University of Montana is seeking to make up an estimated $10 million to $12 million in the 2017 fiscal year, a UM official said Monday. Last month, UM President Royce Engstrom held a "budget forum" to announce the university would cut 201 positions to align its expenses with revenues. He did not provide financial figures in his address, and a member of his Cabinet later said an estimate of the "structural budget situation" was unavailable. This week, vice president of finance Mike Reid said the proposed cuts aim to address a $10 million to $12 million shortfall in the upcoming fiscal year, a result of increased expenses, declining enrollment, and other factors.

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