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Month: March 2017

President Choi speaks out on budget crisis, says UM System expects $57 million in cuts

UM System president Dr. Mun Choi addressed the media Friday in his first press conference since he officially began his tenure. Just hours before the conference, President Choi announced that he’s terminating the university’s executive performance incentive program. “We owe it to the state’s taxpayers and our stakeholders to be transparent with respect to what

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Interim MU Chancellor releases plan to address $20 million budget shortfall

This week Interim MU Chancellor Hank Foley announced funding to address the approximate $20 million budget shortfall will come from the university’s reserves. This comes after Governor Eric Greitens restricted state funding from higher education institutions for fiscal year 2017. Foley says the reserves are decentralized across hundreds of accounts throughout the university. The interim

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