The chancellor and the committee discussed three impacts to the budget: the structural deficit, shortages due to COVID-19 and budget cuts. The chancellor asked the committee to weigh in on strategic vertical budget cuts vs. horizontal cuts of three to five percent that would affect everyone across the board. Guskiewicz also mentioned the possibility of executive cuts or furloughs. Chapman proposed creating a set of principles to guide the budget cuts, citing Western Carolina University. Other members were in agreement.
https://www.dailytarheel.com/article/2020/12/university-advisory-committee
