General University of Maine Publications
Document Type
Correspondence
Publication Date
12-12-2025
Abstract/ Summary
Despite [the] progress that has positioned UMaine as a premier destination for education, research, and employment, as we shared at the fall town hall, our initial budget projections for FY27 show a significant shortfall that must be addressed through long-term, structural solutions that include strategic expense reductions, revenue generation, and new efficiencies. Driving this projected deficit is our commitment to maintaining tuition affordability consistent with our public mission; external pressures like federal changes, inflation, and demographics; costs of contractual obligations, especially benefits; and increased debt service as we responsibly tackle decades of deferred maintenance.
Repository Citation
Ferrini-Mundy, Joan and Boyden, Jenny, "Shared Understanding About UMaine’s FY27 Budget Development Process" (2025). General University of Maine Publications. 4381.
https://digitalcommons.library.umaine.edu/univ_publications/4381
Version
publisher's version of the published document
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