The University has announced big increases in research funding, the endowment has been growing, and we admitted the largest freshman class in a decade – how can we be in budget trouble?
When we talk about the current budget crisis, we are talking about our general-funds budget, the areas in the university supported by state funding and student fees. Research funding is restricted to research activities, endowment funds are generally restricted by donors to specific activities, and enrollment, while moving in the right direction, is not yet at break-even levels.
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