University of Maine System Budget Plan Posted

Written by Lindsey Mills

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BANGOR – The University of Maine System is considering a plan to balance the budget for the upcoming fiscal year.

The proposed budget looks to cut 157 positions and take $11.4 million from the emergency reserves.

Officials say it’s a plan they’ve been discussing for some time now.

“We have accumulated about a $15 million budget stabilization fund, or a rainy day fund, and it’s raining,” said Chancellor James Page. “And it was time to take some of those and use them so that our campuses can have enough time, a one or two year period to plan, to make those reductions that they need to make in a way which doesn’t compromise, or unduly compromise, the core mission of the campus.”

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