Board Of Regents Approve University Of Nebraska Budget

Ted Carter’s proposed budget was approved by the Board Of Regents on an 8-0 vote. (Courtesy: University of Nebraska)
June 26, 2020 - 12:43pm

The University Of Nebraska Board Of Regents has unanimously approved President Ted Carter’s budget proposal.


During a virtual meeting Friday morning, Carter discussed moves made by the university system to help offset the coronavirus pandemic, the previous shift to online learning and a projected decline in tuition income. From 2016-2018, the University faced a $46 million recurring budget shortfall. Carter says they’ve already announced hiring freezes, holding back spending on all campuses, reviewing all capital projects and pulling back travel for faculty and staff.

“I think it's important that we understand the unique moment in time, really in our American history, where we are,” Carter said. “We've never really been up at a point of time where so many impacts have come together for us to be able to look forward and understand our budget proposal going into this next fiscal year.”

Projections show income for tuition will be down nearly 5% in 2021, flat in 2022, and increase 1% by 2023. Regent Tim Clare is taking a glass half-full approach.

“COVID-19 is going to come to an end at some point in time,” Clare said. “We can stick our head in the sand and either ignore it or we can stick our head in the sand and say the sky is falling. But instead what Ted is doing and the chancellors are doing and what we're doing is we're in a position to thrive and ultimately fill those job vacancies and truly grow our state.”

Faculty and staff salaries are frozen for the current fiscal year, but could increase 4.5% over the next three years. All four university campuses in the system are facing budget cuts. The University of Nebraska at Kearney has announced it’s cutting 15 positions to meet the $2.8 million cut outlined in the budget.

 

Discussion

 

blog comments powered by Disqus