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Interim Chancellor Stokes presents current financial state of MU

Interim Chancellor Garnett Stokes presented the current financial state of MU on Monday to university leaders, grad students and the public.

Two of the major topics that were discussed were state funding and enrollment. State funding is being cut by 24 million dollars and enrollment is down about 2,450 students. The enrollment decrease will cost the university 16.6 million dollars.

MU is also planning on cutting 350 to 400 jobs. Of those jobs, 175 to 200 open positions will be eliminated and 175 to 200 people will retire or not have their contracts renewed.

The budget discussion will continue on Tuesday at Memorial Union.

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