After an initial round of budget cuts and spending measures, the University of Arizona’s deficit has shrunk from $177 million to $162 million, says interim Chief Financial Officer John Arnold. Arnold gave an update on the “good news” for UA’s finances to the Arizona Board of Regents’ University Governance and Operations committee on Thursday. The UA’s current cash balance is $748 million, or $157 million less than it was last year at this time.
