University of Minnesota president Robert Bruininks offers up a “provisional” budget to the board of regents later this week.
Since lawmakers and Governor Mark Dayton failed to come up with a budget fix before they adjourned, Bruininks can only guess at what the U’s funding will be next year. That means he’s had to make a few assumption in his budget.
So he’s going with a “worst case scenario”. A $70 million dollar reduction in state money for the U (over this year’s levels). The U’s entire annual budget is about $1.3 billion.
Bruininks’ budget makes up the shortfall with a 5 percent tuition increase for in-state undergrads (no word on the increase for non-residents or graduate and professional students). There’s also a wage freeze for employees, layoffs and cuts to programs.
This is a “provisional” budget, so if the U ends up taking a smaller cut in funding once a state budget fix is in place, money will got back into the budget.
The budget also plans for a state government shutdown. The U has some money set aside for just such an event, and would be able to operate during a shutdown, at least for a while.
You can see Bruininks’ budget here, just scroll down to page 70.