The University of Nebraska has finalized additional cost-reduction strategies identified by the Budget Response Teams as part of a university-wide effort to close a $49 million shortfall. The shortfall is brought on by cuts in state funding combined with the university’s rising costs. The complete list of 70-plus finalized strategies, along with frequently asked questions and other details about the Budget Response Teams, is available at www.nebraska.edu/BRT. Strategies include elimination … [Read more...]
University of Nebraska announces restructuring, policy changes to manage budget shortfall
LINCOLN University of Nebraska President Hank Bounds was joined today by the NU chancellors in announcing broad changes in structure, policy and process that the university will implement to help manage a recurring $49 million budget shortfall. The changes are necessitated by cuts in state funding during the last legislative session combined with the university’s rising costs. “Budget cuts are never easy. They are even more painful when they come at the precise time that the University of … [Read more...]
