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Join us for the UNLV Budget Update Town Hall on June 8, 2011. We will review budget cuts to the NSHE and UNLV, discuss the impact of tuition increases, and outline the distribution of cuts across VP areas. Our focus will also cover academic unit impacts, furlough days affecting employee salaries, and strategies for critical faculty rehires. Additionally, we will discuss the need for $15M in bridge funding and consultative processes with the Academic Council and Faculty Senate. Stay informed on the decisions shaping our university's future.
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What We Will Cover Today • Review of NSHE budget cuts and UNLV share • Net Cut after tuition increase and other factors • Cut distribution by VP areas • Academic cuts and impacts by unit • Stadium Project
Other Factors • Salary will be cut by 2.5% for all employees, and there will a 2.3% salary reduction from 6 furlough days • 48 TVSIPS, for a total of $6.34M in salary and benefits, but we will need to rehire faculty in critical areas • 13/13 tuition increase, would reduce cuts by another $8M net to be distributed strategically • Enrollment is still critical • We need about $15M in bridge funding, which may be obtained from modifying payroll dates in June and July • Our PT budget was generated from vacant lines, eliminating them creates a shortfall • The budget reduction plan, program eliminations and potential reorganizations will be consulted via the Academic Council, Cabinet, Faculty Advisory Committee and the Faculty Senate PNPC • Handgun bill did not pass, smoking bill didn’t pass, higher education flexibility bill did not pass, sick and annual leave reductions did not pass • Formula study will be done in intersession • New hires as of Jan. 31st will not receive retirement subsidy for health care
