July 12, 2008
GAINESVILLE On July 1, the University of Florida began a new fiscal year in which $47 million and about 150 employees will be cut from the university's budget because of tough economic times and decreased state funding.
But as universities and many athletic departments around the nation struggle financially, Florida remains among the nation's wealthiest athletic programs. The Gators' overall budget is expected to increase 8 percent this year, to about $84.5 million.
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