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UM budget shortfall projected at $16M

By Associated Press
Published On: Apr 03 2013 07:42:28 AM MDT
MISSOULA, Mont. -

The University of Montana is looking at cutting costs and possibly personnel to make up a projected budget gap of $16 million the next academic year.
    
Enrollment dipped by about 700 students last year. School officials blame the drop on fewer high-school graduates and the publicity surrounding investigations into the campus and city's response to sexual assaults.
    
Administrators are considering options that include cuts between 2 percent and 8 percent through retirement and attrition.
    
Vice president for administration and finance Michael Reid says besides cutting expenses, the university may look at ways to generate new revenue.
    
The Missoulian reports a lot depends on fall enrollment numbers, which won't be known until mid-summer.
    
Reid says early indicators for enrollment are positive, which may help reduce the projected shortfall.