UM System Responds to Governor's Cut
COLUMBIA - UM System Interim President Stephen Owens sent a memo to University employees Wednesday outlining plans to respond to a 1.1 percent budget cut previously announced by Governor Jay Nixon earlier this month.
The president announced half of the $4.37 million in cuts will come from a reduction in funding to the university's Enterprise Investment Program (EIP). EIP is a program that helps fund start-up companies.
The other half will be allocated on a pro rata basis to each of the system's campuses.
The president also outlined the options he chose not to cut. Those include student fee surcharges and financial aid, MU employee salaries, employee retirement benefits, and funding for the extension's 4H program at the system level.
Owens also outlined the need to cap enrollment, but he said that only provides a long term fix to the budget crisis.