Approximately $25 million will be reallocated for scholarships, employee performance and promotion raises, research supports which included new center of excellence, faculty retention and support for the Artist-in-Residence program.
They also agreed to combine the Ethics and Compliance Hotline and the Bias Hotline.
President Choi and Chancellor Cartwright give updates on budget cuts, faculty retention, cost of attendance
The discussion included plans about the provision of new resources for research, salary increases for faculty members and students’ cost of attendance.
Greek life restrictions, new leadership, budget cutbacks affect campus this year
The Missouri House finalized a budget for fiscal year 2019 after weeks of negotiations and debate.
New buildings may be put on hold, and vacated faculty positions may remain unfilled.
The committees will focus on structuring MU’s spending in the coming years to keep university finances out of the red.
UM System President Mun Choi announced a timeline Monday for dealing with the 8 to 12 percent spending cuts.
The proposed budget cuts of up to $40.4 million will take effect on July 1.
An executive order inspired local protests, the university has millions of dollars in budget cuts and more in the first Maneater news quiz of the semester.
University officials have yet to determine how and where cuts will be made.
MU Libraries spokeswoman Shannon Cary: “The library has purchased automatic check-out machines to help deal with decreases in staff.”
The petition is gaining speed with over 2,000 supporters as of Thursday evening.
This fall, however, the retention rate is the third-highest in university history.
After an eventful 2015–16 school year, this fall brings the possibility of more newsworthy events regarding administration and campus life.
Campus units are planning to cut 2 percent for fiscal years 2018 and 2019 in addition to the 5 percent cut for 2017.
MU’s struggle to attract freshmen has led to budget shortages and closed residence halls.
Vice Chancellor of Operations Gary Ward: “We’ve got a dark cloud right now over the institution. We can’t sugarcoat that.”
Tuition across the UM System will not increase for the 2016–17 school year.
MU has hired four more admission representatives for different regions of the country.