UMaine “cost saving plan” spends additional millions
With budget gaps at every turn, the UMaine Chancellor was tasked with finding areas within the system to save millions, $43 million in the next couple years in fact. Today chancellor Richard Pattenaude and the UMaine trustees offered their solution, a plan title “The University of Maine system and the future of Maine”.
In this plan they outling various ways to save money, including enrolling more online students, a three-year degree program, and some other cost saving measures. Also included in the text is the idea that tution will not rise more than 6 percent between now and 2013.
The most disturbing thing in the report, is an initiative that would “invest” $5.3 million to “Create strategic investment fund” as you can see in the picture below, pulled from the report.
I have a suggestion for the Chancellor…Before adding millions of dollars in vague “investment” plans to the UMaine system’s expenditures, and then raising tution on poor college students, why doesn’t he take a look at cutting his own salary of over $300,000 a year?