Everybody talks about the budget, but nobody does anything about it.
Adapted from Mark Twain.
The legislature delivered a higher education bill a couple of weeks ago, and the University’s budget office delivered a collegiate budget to CLA on May 31. As I described in a blog post last fall, central typically comes up with state O&M or tuition funding to cover our compensation package (2% this year), requires us to “reallocate” (i.e., cut) a certain amount, and then allows us to ask for money back in the form of requests to make investments in various areas. This year CLA’s reallocation was $1.6 million, and our new funding for investment was $150,000. Ouch. That leaves a mark.
