New NU Era: The University of Nebraska's Funding Crisis
The University of Nebraska is facing a funding crisis as state support continues to decline. In 2000, state funding made up over a third of the university's operating budget, but today it has shrunk to 19% - $699 million of NU's $3.6 billion total budget.
Earlier this year, the NU Board of Regents adopted $20 million in cuts across the system due to a less-than-asked-for state appropriation. The University of Nebraska-Lincoln faces an additional $27.5 million in cuts to address its years-long structural deficit.
In an effort to make up for rising costs and inflation, NU Regents approved an average 5% tuition increase on the university's five campuses.
No specific quote available.
Author's summary: University of Nebraska faces funding crisis.
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