| By Barrons (Barrons) on Monday, June 07, 2004 - 11:00 pm: Edit |
From the UM website
Between the current budget year and the coming fiscal year, which starts July 1, the state will have reduced the base appropriation for the Ann Arbor campus by about $43 million. One-time cuts to date total an additional $29 million, including a $16 million cut in December 2003.
Courant estimated the total budget gap for the Ann Arbor campus in FY2005 will be at least $50 million. The shortfall comprises not only lost state revenue but includes necessary cost increases for items such as salaries, utilities and other commitments, as well as funds to support essential initiatives. After factoring in other sources of revenue, U-M will have to cut about $20 million out of its expenditures for the coming year.
The provost said budget-cutting measures include eliminating 120 staff positions campuswide through a combination of attrition and reductions in force. The staff cuts come on top of 275 regular staff positions lost last year. Faculty will be reduced through attrition by 40, in addition to the 50 positions cut last year.
| By Scubasteve (Scubasteve) on Monday, June 07, 2004 - 11:22 pm: Edit |
And that is precisely why public universities will never be "the best" but rather a very close second best. Money makes the world go round
| By Kazz (Kazz) on Monday, June 07, 2004 - 11:29 pm: Edit |
its a shame
the state is really giving its flagship the shaft. U-M would be better off being private.
| By Barrons (Barrons) on Monday, June 07, 2004 - 11:49 pm: Edit |
Scuba--I could post 100 similar cut stories from privates whose endowment has gone south over the last 4 years.
| By Scubasteve (Scubasteve) on Monday, June 07, 2004 - 11:51 pm: Edit |
I'm sure you can. But the top privates typically maintain or increase their endowments, and have the luxury of successfull strong, alumn ties.
...Its kind of hard for the top publics to compete with that
| By Howardt1 (Howardt1) on Tuesday, June 08, 2004 - 12:17 am: Edit |
The same story in California too!
The UC System faces a total $372 million cut and the student/faculty ratio will increase from 19.7 to 20.7.
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