Gov. Sam Brownback is pulling funds from the university for the current fiscal year, according to a K-State press release. The state is currently projected to run a $344 million deficit through June 30 due to large tax cuts initiated in 2012 and 2013, according to KWCH-TV.
Higher education funds will be cut by $16.2 million total, with $3.2 million in cuts affecting K-State. University administrators now have the task of finding ways to cut expenses in order to pay the state back.
The University Budget Advisory Committee is scheduled to discuss the issue next Friday and develop recommendations. According to the K-State press release, President Kirk Schulz and his staff will communicate details on possible reductions and recommendations as soon as possible.