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The N.C. House appropriations subcommittee on education released a budget proposal Tuesday, reducing the University system’s budget for the upcoming fiscal year by $483 million. The system has lost more than $600 million in state funding in the last four years. Last year’s $128.4 million cut was offset by a supplemental tuition increase, making the final reduction $43.2 million. Legislators will vote on the final cut for the system this summer.
The N.C. House appropriations subcommittee on education released a budget proposal Tuesday, reducing the University system’s budget for the upcoming fiscal year by $483 million. The system has lost more than $600 million in state funding in the last four years. Last year’s $128.4 million cut was offset by a supplemental tuition increase, making the final reduction $43.2 million. Legislators will vote on the final cut for the system this summer.
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