The letter cited commitments made last fall to academic units to act with transparency in addressing budget gaps, minimize impacts to CU Boulder’s institutional mission, support units’ abilities to plan by avoiding additional mid-year cuts unless “absolutely necessary” and provide “budget-planning scenarios for fiscal year 2022 to enable schools, colleges and academic and administrative support units to plan for any budget-balancing decisions that might be needed.” “In keeping with these commitments, we are sharing with you today that, after careful analysis, it is clear that we need to proactively develop planning scenarios for continuing budget cuts of 3%, 4% or 5% for fiscal year 2022. We will have more accurate projections as we get further into the spring, however, we do not anticipate that the final cuts will drop below 3% or exceed 5%,” the letter said.
