Edited by David W. Breneman and Paul J. Yakoboski
Chapter 7: Don’t Mourn, Reorganize!
Robert C. Holub I became chancellor at the University of Massachusetts, Amherst in August 2008; at the time when the offer of the chancellorship was extended to me in May 2008 there were propitious signs in the economy and politics of the state. The governor was an outspoken advocate of public higher education, which bode well for the University of Massachusetts and the future. In the spring of 2008 the University had received a modest, but significant increase in operating funds, and the recently passed bills for capital expenditures in higher education and for the governor’s life science initiative both promised increased state participation in funding repairs and new construction on the campus, which had been insufficiently supported by the state for many decades. The financial wheels began to fall off the national and Massachusetts economy one month into my first year on the campus. The capital bills still contain provisions for supporting multiple construction projects; but when we will receive this funding is now uncertain and pushed into future years after the economy recovers and revenues return. More disturbing is that we have already suffered a series of large reductions to our base budget. To this point we have lost approximately $71 million of state funding, falling from the $231 million that was in our operating budget for state appropriations at the start of fiscal year 2009. The federal stimulus legislation has given us a “grace year” in fiscal year 2010, but the future looks bleak. What we will...
You are not authenticated to view the full text of this chapter or article.