Monday, June 20, 2016

Proposed University of Missouri budget shows $2 million cut in system payroll - RUDI KELLER, Columbia Daily Tribune

The University of Missouri System administration will reveal Thursday how it intends to cut costs to cover a $3.8 million decrease in state support when the Board of Curators considers the budget for the coming fiscal year. Overall, the budget anticipates $3.07 billion in revenue, down from $3.14 billion in the budget approved by the curators in June 2015, and $2.98 billion in spending, up $29.1 million. The increased spending includes a $43.7 million increase for hospital operations. On the Columbia campus, where administrators are anticipating enrollment to decline by at least 2,600 students, the budget includes a $34 million decline in tuition revenue, offset in part by a $5.6 million reduction in spending on scholarships from restricted fund sources.

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