Partial remarks about the university budget today by university president Indira S: "Given the direction the Board has now received from the ministry, we must take decisive action in the immediate term, so that we can turn our attention to long-term academic and administrative transformation. The next few months will not be easy, especially because several units and faculties already have experienced lay-offs, program suspensions, position closures, and other impacts from the cuts contained in the 2013-2014 budget. During yesterday’s meeting, we reached many important decisions, with the university’s core mission of providing excellence in teaching, research, and service for the public good in the forefront of our discussions. Primary among the decisions made is that to balance the operating budget for 2014-2015, we must make a further overall 7% reduction in expenses relating to the core academic enterprise and an 8% reduction in the cost of services supporting those core functions. To sustain this balanced position over the long-term, we also agreed to plan for additional overall reductions of 2% in both 2015-2016 and 2016-2017. I want to be clear: these are major cuts and every member of our community will feel the impact. We will continue to streamline administrative functions, reduce redundancies, and seek new or untapped sources of revenue. We will maintain our commitment to excellence and do all that we can to minimize the impact on student access and experience.
Posted on: Fri, 23 Aug 2013 18:56:20 +0000
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