U of M regents get a peak at 2012 budget
MINNEAPOLIS (AP) — University of Minnesota President Robert Bruininks is hinting that proposed cuts in state support could mean fewer university employees in the 2012 budget.
Bruininks is scheduled to brief the university regents on the upcoming budget during their regular meeting on Friday in Minneapolis.
He notes that the university has requested just over $642 million from the state for each of the next two years, but the governor’s budget cuts that 6%, the House cuts it 18% and the Senate 19%.
Salary and benefits account for about 60% of the university’s annual spending, so he says large reductions in state money could force the university to reduce labor costs.
By law, the Legislature must adjourn by May 23. Bruininks will present the 2012 budget on June 10.