In a 10-minute meeting, the USF Board of Trustees approved the Strategic Budget Realignment Plan, which will cut 8.5% of the university’s budget in the coming fiscal year and be implemented July 1. The USF Board of Trustees (BOT) unanimously approved the proposed Strategic Budget Realignment Plan for the 2021-22 fiscal year in a 10-minute meeting Tuesday afternoon. The plan will reduce $36.7 million in university spending as a result of the coronavirus pandemic.