Hefty budget cuts in store for UM System campuses

Bracing for a loss in state funding and tuition dollars, University of Missouri System campuses this week are announcing some broad budget cuts.

For the University of Missouri’s Columbia campus, the cuts will be the largest in recent memory, officials said. MU has decided to slash 12 percent of its budget from all schools, colleges and divisions on campus in fiscal year 2018.

The University of Missouri-Kansas City isn’t looking to cut as deep, but rather going for a 3 percent reduction from each school, college and division.

MU officials said the cuts are to deal with revenue loss because of state funding reductions and enrollment declines on the Columbia campus.

MU Interim Chancellor Garnett Stokes, in outlining the cuts — amounting to roughly $55 million — noted personnel losses and the reallocation of certain programs but did not say which departments or programs specifically stood to face the most cuts.

Stokes said she won’t provide more specifics on the cuts to protect personnel. Final details won’t be shared until after June 1.

Read more: Kansas City Star

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students