NMU Readying for Possible Cuts
Another aspect of the possible budget cuts is higher education.
NMU is trying to get ready for a worst-case scenario, up to $10 million in cuts.
NMU’s general fund balance for this year was about $100 million.
Gavin Leach is NMU’s vice president in charge of finance and administration.
He asked department heads to come up with a budget plan that involves cuts.
One possibility he asked them to prepare for was a 6% budget cut.
The other was a 10% cut.
School officials will have a better idea how the governor plans to make up for the expected $1.4 billion budget shortfall for next year in her address tomorrow.
Michigan Tech and other universities in Michigan’s Public 15 are making similar preparations.