UMaine Faces $18M Budget Shortfall, Proposes Cuts & Tuition Hike
Portland Maine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
University of Maine Faces $18M Budget Shortfall, Proposes Cuts and Tuition Hike: The University of Maine is grappling with an expected $18M budget shortfall next year, proposing cuts and a tuition hike. The plan includes $5.6M in permanent reductions, $5.7M in one-time savings, and a 3.9% in-state tuition increase to $13,230. Out-of-state tuition would rise 4% to $38,340. The university blames inflation, dropping enrollment, reduced federal aid, and maintenance costs. Theyre seeking $2.3M more from the state and tapping $5.5M in reserves.
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