UNC-CH looks for 5 percent cuts
Published: Sat, Nov. 08, 2008 12:30AM
Modified Sat, Nov. 08, 2008 01:25AM
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closeCHAPEL HILL -- UNC-Chapel Hill is preparing for a higher level of budget cuts than previously expected.
Chancellor Holden Thorp told the university community this week that cuts may rise to 5 percent. Campus and UNC system leaders had been expecting and preparing for 4 percent cuts.
That's $25 million from an overall state appropriation of $574 million, Thorp wrote in a memo. The $574 million in state money represents about 22 percent of the total UNC-CH budget.
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"These are extraordinary economic times, and the global financial crisis and its ripple effects create uncharted territory for most of us," Thorp wrote. "We're closely examining everything that we do to make responsible choices to position the University for the economic recovery."
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