Substantial Cuts in State Funding Ahead for University of Alaska
Following a line-item veto of the state budget by Alaska Governor Mike Dunleavy (R-AK), the University of Alaska is facing a substantial funding reduction from the state government. There are concerns that the veto result in program retention or "financial exigency," which can lead to the termination of tenured faculty. From Inside Higher Education: "The veto resulted in the university losing $130 million in state support. Dunleavy has indicated that the statewide cuts would enable an increase in contribution to the Alaska Permanent Fund. The fund provides a dividend to state residents based on oil revenue."