The University of Vermont has announced a new round of budget cuts. In a community-wide email on Tuesday, Richard Cate, the school’s vice president of finance, told staff and faculty that the university would be cutting salaries and exploring furloughs. UVM expects to incur about $8.7 million in pandemic-related expenses by June 30, the close of the fiscal year, Cate said, and is expecting another $6.4 million in direct expenses to follow. Demand for financial aid will probably go up, he added, as tuition and fee revenues decline.
https://vtdigger.org/2020/06/05/uvm-cuts-salaries-for-non-unionized-staff-and-faculty-hints-at-furloughs/
