Not sure if anyone has read the recent AZ Daily Star piece about the UofA budget crises, but it isn’t good at all!! Basically the university overshot its spending significantly and only has 97 days of strategic cash on hand which is way too low. The University initially projected they would have 156 days worth, but were apparently off by a whopping 240 MILLION DOLLARS somehow?!?!? Athletics is also a part of the problem as it is a financial drain on the University. So BIG cuts are coming for the university and athletics department. Unfortunately it sounds like cutting sports is a real option among other things I’m sure. Athletics department needs to get REALLY serious about finding other avenues to creat revenue, like naming rights deals and other things, it HAS to happen. They should have been doing it a long time ago IMO.
Here’s the article:
tucson.com
Here’s the article:
'Draconian cuts' coming, U of A President Robbins tells faculty
University of Arizona President Robert Robbins and the school's chief financial officer were grilled by faculty members about the unexpected "financial crisis" that could result in layoffs and other cuts.
tucson.com
