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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