University officials said Tuesday that a 6.5 percent increase in tuition wouldn’t come close to covering a $20 million gap in UNC’s budget.
The tuition and fee advisory task force met to discuss its plan for raising tuition and consider additional revenue options to cover the funding gap.
Last year, the University received a $20 million one-time gift from UNC Health Care. But without that contribution in the 2012 budget, administrators will fall short of meeting the more than $100 million state funding cut, Executive Vice Chancellor and Provost Bruce Carney said.
“The University is in financially serious trouble,” he said. “I worry about the future.”
A 6.5 percent cap on tuition increases set by the Board of Governors limits UNC’s options, but tuition could be much higher if the board eliminates the cap in the near future, Carney said.