| Plan reduces UConn’s financial ability |
 |
 |
 |
|
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. |
UCONN'S ECONOMIC IMPACT
A study by a state economist indicates that operations at UConn and its Health Center added $2.3 billion to Connecticut’s GDP in fiscal 2008. Read the report...
SPREAD THE WORD
Want to do more? Join us on LinkedIn. Like us on Facebook. Follow us on Twitter.
2012 UCONN FACT SHEET
Did you know that UConn Storrs ranks 15 out of 58 public research universities in graduation rate for all freshmen? Get the complete picture of what UConn is today in the 2012 UConn Fact Sheet.