December 17, 2012
A message to ULM faculty and staff from ULM President Nick J. Bruno
On Friday, Dec. 14, I was notified by the University of Louisiana System staff that a mid-year budget reduction was declared.
ULM's budget will be reduced by $768,902 of the total $7,171,253 allocated to the UL system.
I was disappointed that the reductions were once again allocated on a pro-rata basis totalling approximately 2.6% of our State funds.
While this amount is significantly below last year's mid-year reduction, our operations will no doubt be impacted.
I have asked the vice presidents to begin to review their respective areas to identify how we might minimize the effect of this latest reduction.
Unfortunately, the cummulative effect of the recurring reductions as a result of the State's continuing economic downturn will result in further stress to ULM.
I will certainly keep you informed of our actions.
Nick J. Bruno, Ph.D.