The University of Nebraska Board of Regents will consider President Hank Bounds proposal that includes budget cuts and increases in tuition when they meet Thursday. Regent Hal Daub says the Unicameral faced about a one-billion dollar hole in the state budget this session and that will impact state funding to the university system.
Daub says, “The University of Nebraska has about a $2.6 billion budget and if you look at that in a pie shaped way about one-third of that is tuition, about one-third is state aid and another one-third is federal and other research and grants – about $850 million as a base line from which over the next two years we’re going to have to reduce our base line or cut spending about $50 million.”
Daub says they will be looking at cuts to human resources, information technology, travel, financial operations, energy systems and communications to try to squeeze that down. He says, “Some employees will lose their jobs. There is no getting around that. Some over the two year period will fall away by retirement or attrition and those positions will not be filled since we are under a freeze in respect to hiring.”
The current proposal calls for a tuition hike of $10 to $12 per credit hour starting this fall and another hike next year.
Daub expects the Board of Regents will approve the president’s recommendations.