Wednesday, March 29, 2017

University of Montana plans for flat or smaller budget in upcoming school year - KEILA SZPALLER, Missoulian

The University of Montana is planning on a smaller general fund budget for the 2018 fiscal year – roughly $6 million to $9 million smaller in a preliminary and conservative estimate, according to UM officials. UM vice president for finance Mike Reid said Thursday the campus is planning for a $136.7 million budget in a worst-case scenario that assumes the state appropriation drops 5 percent and tuition doesn't increase. He said a conservative budget would be closer to $139.6 million. "This is just to start planning," Reid said. "What would it look like? Where do we need to go?" It's still too early to have a firm figure, but a flat budget would keep UM at $146 million, according to the UM finance office.

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