Monday, April 5, 2021

How UNC-Chapel Hill plans to fix its budget deficit and address COVID financial losses - Kate Murphy, News & Observer

For months, UNC-Chapel Hill leaders have been working to address three major financial challenges totaling more than $1 billion. Members of the campus Board of Trustees heard details Wednesday and Thursday about how the university plans to balance its budget by June 2022. Nate Knuffman, UNC-CH’s chief financial officer and vice chancellor for Finance and Operations, said taking no action is not sustainable and that university-wide budget cuts are “prudent and fiscally responsible.”