Scrolling Headlines:

Whose American Dream? -

June 24, 2017

Man who threatened to bomb Coolidge Hall taken into ICE custody -

June 24, 2017

Cale Makar drafted by Colorado Avalanche in first round of 2017 NHL Entry Draft -

June 24, 2017

Conservatives: The Trump experiment is over -

June 17, 2017

UMass basketball lands transfer Kieran Hayward from LSU -

May 18, 2017

UMass basketball’s Donte Clark transferring to Coastal Carolina -

May 17, 2017

Report: Keon Clergeot transfers to UMass basketball program -

May 15, 2017

Despite title-game loss, Meg Colleran’s brilliance in circle was an incredible feat -

May 14, 2017

UMass softball loses in heartbreaker in A-10 title game -

May 14, 2017

Navy sinks UMass women’s lacrosse 23-11 in NCAA tournament second round, ending Minutewomen’s season -

May 14, 2017

UMass softball advances to A-10 Championship game -

May 13, 2017

UMass basketball adds Rutgers transfer Jonathan Laurent -

May 13, 2017

UMass women’s lacrosse gets revenge on Colorado, beat Buffs 13-7 in NCAA Tournament First Round -

May 13, 2017

Meg Colleran dominates as UMass softball tops Saint Joseph’s, advances in A-10 tournament -

May 12, 2017

Rain keeps UMass softball from opening tournament play; Minutewomen earn A-10 honors -

May 11, 2017

Former UMass football wide receiver Tajae Sharpe accused of assault in lawsuit -

May 10, 2017

Justice Gorsuch can save the UMass GEO -

May 10, 2017

Minutemen third, Minutewomen finish fifth in Atlantic 10 Championships for UMass track and field -

May 8, 2017

UMass women’s lacrosse wins A-10 title for ninth straight season -

May 8, 2017

Dayton takes two from UMass softball in weekend series -

May 8, 2017

Plan to avert impending UMass budget crisis to be ready by spring

In a meeting with the Massachusetts Daily Collegian, Chancellor Robert Holub outlined steps he plans to take to address future gaps in the budget.

According to the Chancellor’s budget update on June 18, the University of Massachusetts faces a deficit of approximately $30 million dollars in fiscal year 2011, and these difficulties will continue in fiscal year 2012.

If new sources of revenue are not found, this budget deficit will result in layoffs and the elimination of programs. In order to prevent this from happening, the administration has formed a budget task force made up of faculty and specialists, whom are currently developing a plan for the best course of action. The budget task force will have working meetings with vice chancellors in order to get their perspectives. The Chancellor promised more detailed explanations for creating new sources of revenue in mid-to-late spring.

Though there are few concrete plans announced at the moment, the Chancellor and his associates have offered glimpses of what they will do in the near future.

Ed Blaguszewski, executive director of news and media relations, said that UMass will need to offer more graduate programs and increase its out of state presence.

“UMass needs to raise revenue to close the budget gap, two ways we could do this are increasing professional education and raising the amount of out-of-state students,” he said. 

Also, Holub will be seeking to further the admissions presence in New Jersey, New York, and Pennsylvania, according to recent press releases. Raising the proportion of out-of-state students would allow the university to collect more revenue from tuition.

The amount of money received in donations has also taken a hit due to the state of the economy, so the Chancellor wants to see a greater focus on fundraising. Other ideas for increasing revenue include a larger focus on summer session, continuing education, enrollment management, and research grants.

As of right now, stimulus money is preventing any layoffs and program cuts. UMass has received $33 million dollars in stimulus money to date.

Most recently UMass was awarded $7 million dollars in federal stimulus money from the National Institute of Health for upgrades at the Lederle Graduate Research Center on campus, according to UMass News Office. The stimulus money will stop coming in fiscal year 2011 and UMass must rely on its own creation of revenue and support from the Commonwealth of Massachusetts. 

In order to stem unnecessary spending, UMass has implemented a ‘zero-based’ budget. This means all departments must justify each line item of their expenditures after each semester. The ‘zero-based’ budget was implemented following the economic downturn of a year ago; normally faculty and staff are only required to produce a ‘zero-based’ budget every few years.

Bobby Hitt can be reached at rhitt@student.umass.edu.

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