Plan reduces UConn’s financial ability PDF Print E-mail

Hina Samnani, The Daily Campus

April 12, 2010

As part of the Deficit Mitigation Plan approved by the Connecticut State Senate last week, UConn will be required to pay $5 million this year and $10 million next year to cover interest costs of funds used for building construction as part of the UConn 2000 project.

Essentially, this plan will reduce UConn’s ability to meet its obligations to all of its programs in the upcoming year by $15 million.

“The state is essentially proposing to take income from the university and use this money to help bail out the state’s deficit,” said Steven R. Donen, an active UConn alumnus and member of the Steering Committee of the UConn Advocates.


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