"For the first time in nearly 30 years, the Board of Regents today will consider declaring a financial emergency that could lead to pay reductions, furloughs and layoffs of faculty and staff.
The extent of budget cuts won’t be known until the Legislature’s special session, but the Nevada System of Higher Education is bracing for reductions of at least 20 percent, on top of the deep reductions that have already taken place.
Among options facing the regents: tapping student-generated funds for operating costs that had been set aside for capital improvements; adopting new surcharges for student tuition and fees; and reducing personnel costs through furloughs, pay reductions, hiring freezes, layoffs and terminations or restructuring of programs."
The extent of budget cuts won’t be known until the Legislature’s special session, but the Nevada System of Higher Education is bracing for reductions of at least 20 percent, on top of the deep reductions that have already taken place.Among options facing the regents: tapping student-generated funds for operating costs that had been set aside for capital improvements; adopting new surcharges for student tuition and fees; and reducing personnel costs through furloughs, pay reductions, hiring freezes, layoffs and terminations or restructuring of programs."
