University of Nebraska Bounds says NU faces $50 million budget cut - CHRIS DUNKER Lincoln Journal Star

Further cuts to state aid and increases to salary and benefits over the next two years will require the University of Nebraska to cut more than $50 million from its budget by 2019, President Hank Bounds said. In his State of the State address Thursday, Gov. Pete Ricketts proposed another round of cuts to Nebraska’s higher education systems in an effort to reduce state spending across all agencies. At NU, which is looking to reduce its remaining 2016-17 budget by $13.3 million, the governor asked for $12.2 million more in cuts next year. The second year of the two-year biennium would see NU receive half of that amount back, according to Ricketts’ budget proposal. “They actually said they preferred to defer more cuts to later and give (the university) more time to adapt,” Ricketts said at a news conference Wednesday, when he outlined his plan for reporters before its public release Thursday. http://journalstar.com/news/local/education/bounds-says-nu-faces-million-budget-cut/article_565baf4a-311c-5052-be2d-ea842fdb8005.html