Though a cut in state funding of nearly 18 percent or more than $100 million faces the University, the blow will be softened by additional sources of revenue, administrators said.
The cut will be offset by $20 million in transferred funds from the UNC Health Care System and $8.5 million in enrollment funds from the state.
Bruce Carney, executive vice chancellor and provost, said he is now expecting to allocate $81 million in cuts across the University.
While the funds from the UNC Health Care System and enrollment growth will be helpful, Carney said the cuts will still be widespread.
“There’s going to be damage everywhere,” he said.
Carney said the plans for the implementation of cuts have not been finalized and instructions for deans will be sent out late next week.
“The cuts are so big and the impacts are so dramatic that I want to take my time,” he said.
He said the funding reductions could have the long-term impact of increasing the student-faculty ratio.
“We have a lot of potential problems,” he said.