University of Alaska and Governor Dunleavy Reach Budget Agreement

alaska-native-news.com - 08-14

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Agreement Includes Multi-Year Step Down in Funding, Totaling Reductions of $70 Million Over Three Years. (Anchorage, AK) – The University of Alaska and Alaska Governor Michael J. Dunleavy have reached an agreement on a multi-year compact that preserves $110 million in state funding for the university for Fiscal Year 2020, reducing UA’s budget by $25 million for the fiscal year that began July 1, 2019. The agreement also means that budgets submitted to the governor by the Board of Regents over the next two fiscal years will reflect $45 million in additional reductions. The compact was signed today by UA Board of Regent Chair John Davies and Governor Michael J. Dunleavy.