August 14th, 2019 | by CollegeAD

Alaska’s governor and officials of the University of Alaska system announced an agreement Tuesday that will blunt — but not avert — a budget crisis that had in recent weeks become a national symbol of the defunding of public higher education. Under the agreement, the university system will see its state allocation for the 2020 fiscal year that began July 1 cut by $25 million, with another $45 million total sliced from the state allocation over the two years that follow. While $70 million over three years is a large excision from operating budget support totaling $327 million, it looked like a net positive to Jim Johnsen, the university system’s president, given the $135 million cut that Governor Michael J. Dunleavy had imposed with a swipe of his veto pen in late June. -Doug Lederman, Inside Higher Ed. Read More.

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