Kenny Darr is KGUN 9's Oro Valley reporter. Send your story ideas to Kenny at [email protected].
The University of Arizona has announced its financial plan for the upcoming fiscal year, which includes $1.3 billion in allocated funds. This comes after the university faced a financial crisis last year.Leila Hudson, chair of the Faculty Senate, expressed cautious optimism about the university’s future, noting the challenges that still need to be addressed.
'According to a budget outline from Senior Vice President John Arnold, the university has reduced its 2024 budget deficit by nearly 40%, lowering it from $162 million to $63 million.Hudson emphasized the importance of ensuring cuts are made in the right areas. “We would like to see the cuts coming from the places where the money was taken,” she said.Some of the most significant financial losses include $148 million from school operations and $32 million from athletics.
Finance Uarizona University Of Arizona Wildcats
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