With $183M in reserve, UMaine System pressured to either save money or faculty

Article written by: Nell Gluckman

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BANGOR, Maine — At the center of protests over a dozen faculty layoffs at the University of Southern Maine on Friday and into Monday is $183 million the University of Maine System holds as reserve funding.

System officials say dipping into reserves would only delay current financial problems and detract from planned projects, but critics, like the rallying students and faculty, believe this funding should be used to stave off layoffs.

“There’s no budget crisis,” Susan Feiner, a professor of economics and women and gender studies, told attendees at a rally at USM on Monday. “They’re lying… They’ve got historic reserves. There’s no need for cuts.”

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