Wednesday, November 14, 2018

The University of Northern Colorado faces a crisis. - Greeley Tribune

The university must find a way to reduce its $10 million budget deficit. The deficit is considered structural, meaning it will stick around next year unless officials can find permanent cost savings. One measure of just how serious this situation is comes in the response to it. Mandatory furloughs, early retirement programs and targeted layoffs are among a list of 13 options the newly formed President’s Leadership Council has put on the table for cutting. No decisions have been made yet, and the list of possible solutions also includes the possibility of reducing employer contributions to health and retirement plans, finding cost reductions in UNC’s athletic programs and permanently reducing or restricting faculty travel for conferences, among other ideas. https://www.greeleytribune.com/opinion/tribune-opinion-unc-faces-a-budget-crisis-but-it-also-has-an-opportunity/