University of Arizona president: Fiscal year 2025 budget deficit may be reduced by $110M

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Tucson News

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As the University of Arizona continues to search for a new president, embattled outgoing president Robbins has announced moves to ease the college’s ongoing financial crisis. The Tucson-based university is trying to dig out of a $177 million budget shortfall arising from a miscalculation of cash reserves.

TUCSON, Ariz. — As the University of Arizona continues to search for a new president, embattled outgoing president Robbins has announced “encouraging news” about the college’s ongoing financial crisis.

In a statement Friday, Robbins said the school is projecting that the fiscal year 2025 budget deficit “will be reduced from $162 million down to $52 million.” “As a result of our budget decisions, the university will be in a position to allocate sufficient funds to ensure no college starts FY 2025 in a budget deficit,” Robbins’ statement said.

The Arizona Board of Regents, which oversees the state’s three public universities, is holding a town hall on campus Wednesday so members of the Tucson community can share their input about the nationwide presidential search that began on April 15.Robbins, 66, became the university’s 22nd president in June 2017.

 

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