Deep budget cuts put University of Alaska in crisis mode; ‘grappling with survival’
The university system's board of regents voted Monday to declare "financial exigency."
ANCHORAGE, Alaska — The University of Alaska Board of Regents, facing deep budget cuts exacted by the governor that will eliminate about 40 percent of the university’s state funding, voted at an emergency meeting on Monday to declare the academic equivalent of bankruptcy reorganization.
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