University of Missouri System President Mun Choi announced the details of $101 million in cuts to the system’s budget on Friday. In order to meet the spending target, the statewide system is eliminating 474 jobs through a combination layoffs, retirements and leaving vacant positions unfilled.
Half of the jobs being eliminated are currently vacant, Choi said.
The cuts are designed to compensate, in part, for reductions in two key revenue streams: $35.9 million in state funding and $11 million in tuition.
They also allow for spending increases in two other areas: $15 million for “unavoidable costs” like building maintenance and $38.9 million for strategic investments, including the hiring of 212 faculty members.
The system’s flagship campus in Columbia will experience the deepest cuts, totaling about $59.8 million and 343 positions. Kansas City will lose $15.4 million and 51 positions. St. Louis will shed $13.7 million and 30 positions. Rolla will cut $8.8 million and 50 jobs.
Sixty percent of Columbia’s cuts will be achieved through those personnel reductions, including 135 faculty positions, 173 staff positions and 35 graduate positions. The other 40 percent of the reductions will be met through reserves, revenue enhancement and one-time restrictions, according to the detailed budget plan.
The UM System will see closures of centers and institutes in order to avoid the duplication of majors and minors across the four campuses, Choi said. These reductions will be determined once a consulting firm is hired to work on the matter.
Additionally, some programs and schools will be merged; for instance, Mizzou’s Truman School of Public Affairs is becoming part of the College of Arts and Sciences.