UO Faces Budget Shortfall, Plans $11 Million In Cuts
The University of Oregon is making 11 million dollars in cuts to address a projected budget shortfall.
A combination of increased costs, higher liabilities from the state’s pension system, and a significant decrease in international enrollment has created a budget gap of more than $34 million.
Jamie Moffitt is Vice President for Finance and Administration at the UO. She says the governor’s budget includes a decrease in higher ed funding.
“If we’re able to secure a larger amount of state funding, which we’re hoping for that could make a huge difference in the budget and a huge difference in terms of what we have to make up either through tuition rate increases, additional tuition rate increases or additional cuts.”
The UO has raised out of state tuition by 3 percent. In May it will consider a boost for resident students. Meanwhile, the University plans to make $11 million in cuts which will not fully make up for the budget shortfall.
Copyright 2019 KLCC.
Copyright 2019 KLCC