USM is still looking for ways to fill the $14 million budget deficit for the next fiscal year, and officials agreed, after a set of student survey results were released Friday, that students should always be the focus. The CORE subgroup of the Direction Package Advisory Board was tasked with finding short-term solutions, trying to […]
Members of the Direction Package Advisory Board largely agreed that USM’s future should be as Maine’s metropolitan university, as the group’s meetings come to a close this Friday. The board met for a preliminary roll-out of the work that had been done in the three sub-groups for the past two months last Friday. While each […]
While academics is shouldering a hefty 63.4 percent of the $5 million budget shortfall at USM, the Athletics Department will only see a cut of less than 2 percent in its operating budget. In addition, the recreation manager position has been eliminated and another position related to equipment management will see a reduction in pay. […]
The University of Southern Maine’s three major colleges have three weeks to come up with about $1 million each in budget cuts for fiscal year 2013 as a result of a budget shortfall of over $5 million. USM President Selma Botman and Provost and Vice-President for Academic Affairs John Wright’s delivered the news to the faculty of the College of Arts, Humanities and Social Sciences on Friday in the Wiscamper Center.
Faced with declining enrollment and a projected deficit at the end of the fiscal year in June, the university is taking steps to improve residential and overall enrollment in the coming years, including awarding nearly $100,000 in housing grants for the spring semester and providing an additional $1 million for student financial aid next fall. Director of Public Affairs Bob Caswell said the $1 million additional student financial aid would be on top of the roughly $7 million of university funds USM provides for financial aid to students each year…