University of Oregon plans to trim spending by $4.5 million
EUGENE, Ore. (AP) -- The University of Oregon plans to cut $4.5 million in spending from its 2017-18 budget.
The Eugene Register-Guard reported Friday that the university has announced four new spending curbs as part of a continued effort to address an approaching budget shortfall.
The university president says he will cut $1.5 million by reducing administrative spending, which potentially could include layoffs and hiring freezes. Another $1 million will come by eliminating the university's strategic investment fund and $1.4 million by ending graduation incentive grants to scores of students.
University officials say increasing personnel costs and non-increasing financial support from the state of Oregon created the predicted budget shortfall.
The university's budget for 2017-18 starts July 1.