The University of Kansas announcement that it will trim $20 million from its budget for the coming year demonstrates a renewed commitment to fiscal restraint that hasnt always been apparent at the Lawrence campus.
Though the university did not reveal specifics on how the $20 million in cuts would be made, the university made clear the move was necessary to put the universitys budget in order. The cuts amount to nearly 6 percent of the budget and will be applied across all departments on campus.
Staying the current course is not an option, Interim Provost Carl Lejuez said. If we make no changes in the coming year, we will have overspent our budget with no remaining balances to support this overspending, and operations will be short a minimum of $50 million within five years. Additionally, spreading the cut over several years is not an option. This tactic costs us more financially; perpetuates a climate of uncertainty about job security, raises and tuition costs; and keeps us in a constant state of want and need rather than advancing us toward a position of stability that we all deserve.