At Gov. Katie Hobbs’ request, the Arizona Board of Regents (ABOR) delivered a plan for enhanced financial oversight at the University of Arizona.
“The Board today submitted a plan to chart the path forward to strong financial health at the University of Arizona,” said ABOR Chair Fred Duval in the public portion of Friday’s Regents meeting.
According to the report, the initial budget actions include:
- Lower administrative costs, starting at the top
- Improve service and reduce costs through centralized administrative operations
- Increase revenue opportunities without increasing established tuition caps
- Eliminate duplication by implementing a unified approach
Duval encouraged members of the public and university community to read the report, which has been published online:
READ: ARIZONA BOARD OF REGENTS ENHANCED FINANCIAL OVERSIGHT REPORT
The Board’s statement Friday answered questions, but some faculty still feel left in the dark.
“My understanding is that we are facing a 5% budget cut as RII as a whole. But we really haven’t heard any concrete information from from higher ups at all,” says Maria Sohn Hasman, a faculty member at the U of A.