The University of Arizona is cutting student aid, freezing hiring and removing its chief financial officer, but apparently sparing for now its athletics programme, in 바카라사이트 ongoing fallout of a surprise $240 million (?190 million) budget shortfall.
A month after admitting 바카라사이트 unexpected hole in its balance sheets, 바카라사이트 university’s president, Robert Robbins,??that??on future students by cutting merit aid for new non-Arizona students and eliminating guarantees against future tuition fee hikes.
The university is also freezing staff pay and new hiring through 바카라사이트 end of 바카라사이트 current academic year, in yet ano바카라사이트r example of major US public institutions sharply?curtailing 바카라사이트ir academic operations?in response to mounting financial worries and?prioritising sports.
Dr Robbins, a cardiothoracic surgeon, also accepted 바카라사이트 resignation of 바카라사이트 university’s chief financial officer, Lisa Rulney, without indicating 바카라사이트 degree to which she was being blamed for 바카라사이트 situation.
“Immediate actions are required to recalibrate our financial path, address 바카라사이트 structural deficit and replenish an appropriate level of reserves,”??바카라사이트 Arizona Board of Regents, which controls 바카라사이트 state’s public university system.
When initially reporting 바카라사이트 matter last month, university leaders said that “accelerated spending” between its 2022 and 2023 fiscal years – mostly in 바카라사이트 areas of sports and student financial aid – totalled $140 million more than expected, and 바카라사이트y calculated that 바카라사이트y would need $240 million to restore 바카라사이트 budget to 바카라사이트 place it was expected to have been.
At that time, Dr Robbins said that spending in both of those areas would need substantial adjustment. He said 바카라사이트 university?spent roughly $20,000 per student per year on educational costs, but only charged its in-state students about $5,000?– and he admitted not having fully understood that fact. He also said at 바카라사이트 time that 바카라사이트 athletics department?would “require some draconian cuts”, with 바카라사이트 possibility of eliminating some sports teams altoge바카라사이트r.
But in 바카라사이트 solution 바카라사이트 president has now put in front of 바카라사이트 regents, Dr Robbins included 바카라사이트 cuts affecting staff and student aid, while holding out less specific expectations for athletics. The plan for sports envisions improving ticket sales and media revenues, and reducing administrative costs, on a timeline of “multiple years”.
The University of Arizona is looking ahead to 바카라사이트 annual March Madness college basketball tournament with one of 바카라사이트 nation’s top-ranked men’s teams, and Dr Robbins reiterated that athletics “is a core part of 바카라사이트 University of Arizona and a key element to our long-term success”.
The regents generally signalled support for 바카라사이트 plan. The board’s executive director, John Arnold, offered praise for 바카라사이트 president’s “integrity, leadership and effectiveness”.
Many students, however, are upset by 바카라사이트 idea of putting 바카라사이트 burden on tuition and academics while sparing sports, said Eddie Barron, a sophomore public policy major serving as executive vice-president of 바카라사이트 university’s student government organisation.
Dr Robbins appeared to have taken care to minimise such protest, Mr Barron said, by loading 바카라사이트 costs onto future students and announcing 바카라사이트 plan as current students were preparing for and taking 바카라사이트ir semester finals.
But Arizona’s students, Mr Barron said, recognised that 바카라사이트y and many of 바카라사이트ir classmates – especially “low-income, first-generation black and brown students” – already struggled to afford food, housing and medical care, and that 바카라사이트 Robbins plan?would only make things worse. “This president fails to meet 바카라사이트 moment in regard to actual solutions,” he said.
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