The University is reorganizing staff, reducing expenditures and freezing most new hires to respond to anticipated reductions in state funding.
In addition to a 5 percent cut in the current budget, University officials are gearing up for an additional 10 percent reduction for the current biennium, according to University officials.
"I don't want to panic. I want to prepare," Gregg Lassen J.D, Executive Vice President for Business Affairs, said.
Two University committees convened to identify and recommend ways to save money.