High-paid University of Alaska executives and administrators will be furloughed for short periods in the upcoming new fiscal year. The over $500,000 cost-saving measure comes as the University deals with a 3-year $70-million state funding reduction, as well as new costs and reduced revenues caused by the coronavirus pandemic.
The University of Alaska is taking a major financial hit due to the coronavirus pandemic. Speaking to a state legislative joint education committee yesterday, Wednesday, April 22, UA President Jim Johnsen detailed impacts on two fronts.
State House Speaker Bryce Edgmon joined five Fairbanks-area legislators and University of Alaska President Jim Johnsen Wednesday for a news conference focused on overriding the governor's deep cuts to the university system and other state programs. The lawmakers and Johnsen then spoke to about 700 people at a town hall in Fairbanks, almost all of whom urged them to override.
University of Alaska President Jim Johnsen told members of the Senate Finance Committee Tuesday that Gov. Mike Dunleavy’s proposed $134 million funding cut would devastate the university’s ability to educate students and conduct research.