UMaine Projects $7.2 Million Budget Gap for Upcoming Fiscal Year
ORONO, Maine — The University of Maine System's flagship university is projecting a $7.2 million budget gap for the upcoming fiscal year.
Officials tell the Portland Press Herald that they believe the gap can be managed without cutting staffing or programs. The current University of Maine budget is $242 million.
UMaine President Susan Hunter says it's too early to say how campus officials will close this gap, but the goal is to avoid cuts.
The seven University of Maine System campuses must turn in balanced budgets to the system office by Jan. 31. The trustees vote on a final budget in May.