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U of M finance leaders provide update and reiterate recommendations to address current fiscal year budget deficit

May 14, 2021 In an update to the Board of Regents Finance & Operations Committee, University of Minnesota leaders discussed pandemic-related deficits in the current fiscal year and approaches that continue to help the University close budget gaps. Current projections suggest systemwide shortfalls totalling $172.5 million when the fiscal year ends on June 30, a relatively small change to the $166 million in projected deficits shared with the Board last December. Senior Vice President for Finance and Operations Myron Frans and Associate Vice President and Budget Director Julie Tonneson outlined recommendations to address the budget shortfall, many of which were already approved by the Board and are currently in place. They include:

Key Information

March 10, 2020 at Norman, Oklahoma The University of Oklahoma Board of Regents Norman Campus Committee will meet for a Special Meeting at the Bizzell Memorial Library, Room LL118, 401 W. Brooks Street, on the Norman campus on March 10, 2020 at 10:30 a.m. Active discussion will be held on the 2020-21 Student Activity Fee Budget – NC, Agenda Item #19, and for information only discussion of Naming Rights in Sarkeys Fitness Center. No final action will be taken by this committee. There may be other Board members in attendance at this meeting in addition to the committee membership. All findings or conclusions of this committee are subject to the approval of the full Board of Regents. A copy of the agenda can be found at this link.

UCSD s Theatre District Living and Learning Neighborhood scheduled to break ground Jan 4

Despite an ongoing lawsuit against the project, UC San Diego plans to begin construction on its Theatre District Living and Learning Neighborhood on Monday, Jan. 4, according to a notice dated Dec. 22 from the office of Eric Smith, associate vice chancellor of capital program management. The development is planned to open in fall 2023 near La Jolla Village Drive and North Torrey Pines Road. It includes five buildings ranging from nine to 21 stories tall and is designed to house 2,000 students. It also includes a conference center, hotel rooms, classrooms, retail and a 1,200-space parking garage underneath. “Design features include pedestrian and bicycle improvements, a significant amount of open space and outdoor gathering areas,” the notice states.

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