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Ideas Sought as Economic Reality Hits ASU PDF Print
Written by Steve Frank   
Wednesday, 19 January 2011 07:30

ASU Chancellor Ken Peacock has issued an update to the University family about the challenges faced by leadership in the wake of the state budget crisis.

Peacock said, “While in recent years we have grappled with the implications of potential budget cuts, this year is different. He said “The deficit is real and neither the Governor nor the legislature plans to increase tax revenue to reduce the shortfall. Come July 1, the actual deficit may be less than projected and the impact on education may be less than a 19.5 percent reduction; however, if we do not begin serious and thoughtful discussions now about how to reduce our fiscal obligations, we run a great risk of making uninformed and reactionary decisions. That is a risk I am unwilling to take.” Peacock met with vice provosts and associate vice chancellors, asking each department to identify 2.5 percent savings from this year’s budget as well as an additional 20 percent savings from the 2011-12 budget.  He asked for anyone to share any ideas for reducing the budget, with a January 28th spring faculty meeting the target for dealing with those ideas and the budget.


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