The University of Alaska System struck a deal with the state on Tuesday to pare back an earlier single-year budget cut of $136 million to $70 million over three years. State appropriations will be cut by $25 million in the 2020 fiscal year from their current level of $327 million, followed by cuts of $25 million and $20 million in the following two years, respectively. Slashing $70 million over three years is still "a serious reduction," U of Alaska President Jim Johnsen wrote in a letter to the system Tuesday, but by spreading it out "the required restructuring can be done more methodically, with less impact on students."
https://www.educationdive.com/news/u-of-alaska-continues-consolidation-plans-after-state-reduces-budget-cuts/560909/
