Sunday, May 7, 2017

University of Missouri System considering 8 to 12 percent budget cuts - Rudi Keller, Columbia Tribune

The University of Missouri faces systemwide budget cuts of 8 to 12 percent in the coming fiscal year because of declining enrollment and state support, system officials said in a document prepared for the Board of Curators. The curators will meet Thursday and Friday in Rolla, where members will discuss a proposed 2.1 percent increase in undergraduate tuition and the financial challenges facing the UM System. A final decision on tuition will be made in May, and the budget for the coming year will be set in June. The cuts will be focused on the $1.2 billion academic operations budget, which receives 87 percent of its funding from tuition and state appropriations. Meeting the goal will require short- and long-term solutions, according to the memo prepared for curators. http://www.columbiatribune.com/news/20170426/university-of-missouri-system-considering-8-to-12-percent-budget-cuts

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