Published • loading... • Updated
U of M Looking to Reduce Budget by $225 Million
University leaders say the cuts will be spread across all campuses as the school shifts to earlier, two-year budget planning.
- On Thursday, University of Minnesota President Rebecca Cunningham announced a $225 million budget reduction over the next two years, acknowledging there will be "difficult choices and conversations ahead."
- Facing long-term financial headwinds and operating expenses that outpace revenues, Cunningham said the university must rethink its planning process as part of an "institutional inflection point."
- The university's planned reduction represents 12% to 15% of operating revenue, with all five campuses serving 60,000 students across the state involved in the process.
- Administrators are shifting from a one-year to a two-year planning cycle to allow for more foresight and deliberation; the University Senate meets today at Coffman Union to discuss the cuts.
- Higher education is grappling with a "demographic cliff" following the Great Recession of 2008, as declining birth rates are shrinking the pipeline of traditional 18-year-old applicants nationwide.
Insights by Ground AI
22 Articles
22 Articles
Post Bulletin+15 Reposted by 15 other sources
U of M looking to reduce budget by $225 million
The work of cutting the budget will fall on all campuses, including UMR.
·Cherokee County, United States
Read Full Article
University Of Minnesota To Cut $225 Million From Its Budget
·Jersey City, United States
Read Full Article
BREAKING: UMN announces $225 million in budget cuts
The University of Minnesota’s Office of the President announced Thursday a $225 million reduction to the budget over the next two years on Sept. 24. The University said this cut equates to 12-15% of allocated operating revenue. The announcement follows a string of cuts, including a 2027 budget that cut spending on academics, and raised...
University of Minnesota announces $225 million in budget cuts across all campuses
The University of Minnesota on Thursday announced $225 million in cuts over two years across all five of its campuses, starting with this year’s budget cycle. A letter from President Dr. Rebecca Cunningham cited “shifting enrollment trends, unpredictable state and…
Coverage Details
Total News Sources22
Leaning Left1Leaning Right6Center13Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
C 65%
R 30%
Factuality
To view factuality data please Upgrade to Premium
