Johnsen laid out a grim picture of the COVID-19 impact on the university’s finances, however. The institution is being dealt a double-whammy in its budget, with a $25 million cut in its current year spending in a deal brokered with Gov. Mike Dunleavy with another $35 million to $40 million in revenues estimated to be lost this year due to COVID-19 and the closure of UA’s campuses since March. Next year the university will be cut another $20 million under the three-year agreement with the governor.
https://www.frontiersman.com/news/coronavirus/budget-cuts-and-covid-19-deal-university-a-double-hit/article_6af9c49a-86b5-11ea-8a20-b7395e50af53.html
