Question

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Answer 1

Answer:

is a set of recommendations that we believe will more closely align NC State University for maximal effectiveness and success in current and future budgetary environments.

As you have noted, funding of public, higher education is challenged across the nation. Indeed, the Center on Budget and Policy Priorities, in their January 21 update, noted that 44 states are facing shortfalls totaling $125 billion for FY2012 and 22 states are still projecting shortfalls totaling $70 billion for FY2013. This is in addition to the more than $430 billion in shortfalls closed in fiscal years 2009, 2010 and 2011 combined. Higher education will not be exempt from the impact and these shortfalls will accentuate the declining role public funding has played in the overall budget of many large public universities. In North Carolina we have been the beneficiaries of the long held will of citizens and legislators to direct significant resources to public education, because of the clear understanding that education plays a vital role in the future economic vitality of the state and in our transition to a knowledge-based economy.

We should emphasize that the following recommendations, if implemented in a timely manner, will result in significant and measurable savings for the coming fiscal year. Most of the savings, however, will be realized over subsequent budget years. Moreover, the most critical element of any proposed program restructuring is not simply the short-term budgetary advantage, but the establishment of a more effective,