May 29, 2008
A recent report reveals that UF had almost $131 million in unrestricted funds at the end of the 2007 fiscal year — none of which will be used to offset a $47 million budget crunch this July.
The United Faculty of Florida, the state’s higher–education faculty union, commissioned the report, which was first publicized in a Wednesday article in The Gainesville Sun. It has incited leaders of UF’s faculty and graduate student unions to question whether digging into the “rainy–day fund” could prevent roughly 130 UF faculty and staff layoffs.
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