FAIRBANKS- The University of Alaska Fairbanks significantly cut spending for the upcoming fiscal year. Officials say short–term reductions could cost the university about 50 jobs, and long–term reductions could limit class choices. The Chancellor's Cabinet released a list of the cuts at the end of June. Before these changes, the university was facing a budget shortfall of nearly $12 to $14 million. Officials say higher operating costs, fewer state dollars, and lower tuition revenue created the largest funding gap in a decade.
A list of money-saving changes can be found below: