BERKELEY, Calif. (AP) – The chancellor of the University of California, Berkeley, says the flagship school is running a $150 million deficit and must undertake a top-to-bottom review of expenses to sustain its national standing.
Chancellor Nicholas Dirks notified the campus in a letter Wednesday that he has initiated a process aimed at cutting costs and boosting fundraising.
Dirks says every aspect of UC Berkeley will be open to evaluation and that the university faces difficult decisions as it works to preserve its long-term financial footing.
Consolidating academic programs, evaluating spending on athletics, shedding staff and admitting fewer doctoral students are some of the changes that will be considered.
A budget review prepared by Berkeley administrators blames the deficit on reduced state funding, increased pension costs and five years without in-state tuition increases.