How Budget Cuts and Political Shenanigans Destroy a University
If you work in higher education or value its importance for innovation, economic development, knowledge, arts, and culture, what is happening in Alaska should cause you great concern. Here's the short story. The Alaskan state budget is being slashed to the bone, with significant cuts in many areas, including to the University of Alaska. Initially, the cut was to be a draconian $135 million (about 40%), leading to a declaration of financial exigency by the University of Alaska Board of Regents in July. Fiscal exigency is an emergency declaration rarely used by universities to enable rapid cuts that include the closure of programs and campuses and the dismissal of tenured faculty. Such a declaration is a massive blow to the reputation of a university. Subsequently, $110 million in state funding was restored, yielding a cut of $25 million, which represents about 8% of the state funding for the University of Alaska system (see University of Alaska regents cancel ...