UA regents vote 10-1 in favor of 'financial exigency'
The University of Alaska Board of Regents voted Monday to declare a state of "financial exigency." The outcome of the 10-1 vote means administrators can now bypass usual procedures for laying off personnel and eliminating programs.
The decision was initially delayed due in part to House Bill 2001, legislation that would not only restore the funding Dunleavy’s vetoes took away, but would also leave slightly more than $900 for a Permanent Fund dividend. However, the vote was moved up to Monday's emergency meeting from the set meeting on July 30.
Gov. Mike Dunleavy’s line-item vetoes cut over $130 million from UA’s state-funded operating budget, adding on to about $5 million in cuts the university system was already facing.
UA President Jim Johnsen has previously said he's spoken to the universities about deciding what programs to cut.
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