Gov. Katie Hobbs said Monday she doesn't believe the University of Arizona should be balancing its newly disclosed budget shortfall by cutting financial aid, which is being considered. The governor said she is still looking for answers from UA officials about how its estimates of the cash it had on hand for the current fiscal year was off by about $240 million. What that has done is left the school with a projection of just 97 days of cash on hand, versus the 156 days that had been in the plans. And UA President Robert Robbins, in speaking to the regents, said at least part of the problem relates to what the university has had to do to attract students.
