University of Arizona president: Fiscal year 2025 budget deficit may be reduced by $110M
TUCSON, Ariz. (AP) — As the University of Arizona continues to search for a new president, embattled outgoing president Robbins has announced “encouraging news” about the college’s ongoing financial crisis.
The Tucson-based university is trying to dig out of a $177 million budget shortfall that stems from a miscalculation of cash reserves late last year.
In a statement Friday, Robbins said the school is projecting that the fiscal year 2025 budget deficit “will be reduced from $162 million down to $52 million.”
Robbins added that the largest portion of the budget savings will come from reductions in administrative expenses.
“As a result of our budget decisions, the university will be in a position to allocate sufficient funds to ensure no college starts FY 2025 in a budget deficit,” Robbins’ statement said.
Robbins announced on April 2 that he will resign as the university’s president when his contract ends on June 30, 2026. He plans to step down sooner if a successor is hired before that date.
Related articles
Ohio judge to rule Monday on whether the state’s abortion ban stands
COLUMBUS, Ohio (AP) — A county judge could rule as early as Monday on Ohio’s law banning virtually a2024-05-21Guideline unveiled to make public use of autonomous driving vehicles safer
(China Daily) 08:13, December 07, 2023Baidu received the first license to test autonomous vehicles w2024-05-21Hybrid solar plant and fish farm in C China's Hubei offers environmental, economic gains
(People's Daily Online) 15:07, February 02, 2024Photo depicts a fishing-solar complementary photovol2024-05-21Senior official of Heilongjiang under investigation
(Xinhua) 13:36, December 08, 2023BEIJING, Dec. 8 (Xinhua) -- Wang Yixin, deputy governor of northeas2024-05-21Red Lobster seeks bankruptcy protection after closing some restaurants
Red Lobster, the casual dining chain that brought seafood to the masses with inventions like popcorn2024-05-21China regulates unified medicine procurement platforms
(Xinhua) 16:02, February 02, 2024BEIJING, Feb. 2 (Xinhua) -- China is eyeing to improve the unified2024-05-21
atest comment