NU WORRIED ABOUT STATE, FEDERAL FUNDS
NU budget director Chris Kaboureksays the four-campus system would be have to increase tuition by about 4% each of the next two years or make program cuts if its state funding comes in shorter than expected.
Kabourek told the NU Board of Regents Friday that the system needs a 5.1% increase in state funding in order to meet its projected operating expenses for the next two years, but more than twice the 2.5% increase recommended by the Legislature’s Appropriations Committee.
Gov. Dave Heineman has proposed a 4.2% or $62 million dollar increase in exchange for a two-year tuition freeze.
NU officials are also worried the school may lose as much as $15 million in federal funding because of the national budget woes.
Federal research awards dropped 3% last fiscal year at UNL and 2% at UNO, but officials don’t know what further impact sequestration and other expected cuts will have because each federal agency is handling the cuts in its own way.
University lobbyist Matt Hammons says the school should be able to handle cuts initially, but the effects will become more painful over time if the federal budget doesn’t improve.