{"id":50626,"date":"2019-07-15T13:30:00","date_gmt":"2019-07-15T21:30:00","guid":{"rendered":"https:\/\/www.juneauempire.com\/news\/financial-exigency-delayed-but-drastic-changes-ahead-for-university-of-alaska\/"},"modified":"2019-07-15T13:30:00","modified_gmt":"2019-07-15T21:30:00","slug":"financial-exigency-delayed-but-drastic-changes-ahead-for-university-of-alaska","status":"publish","type":"post","link":"https:\/\/www.juneauempire.com\/news\/financial-exigency-delayed-but-drastic-changes-ahead-for-university-of-alaska\/","title":{"rendered":"Financial exigency delayed, but drastic changes ahead for University of Alaska"},"content":{"rendered":"\n\t\t\t\t
The University of Alaska Board of Regents delayed declaring financial exigency Monday, during a meeting to discuss the cuts to the state budget made by Gov. Mike Dunleavy.<\/p>\n\t\t\t\t
Meeting at different locations around the state and connected by teleconference, the board decided that because the legislature is still in session and the financial situation may change in the coming weeks, declaring exigency might be premature.<\/p>\n\t\t\t\t
That decision was delayed until July 30, when the board will meet again to further discuss changes that must be made in light of the current financial circumstances.<\/p>\n\t\t\t\t
University of Alaska General Counsel Michael Hostina made it clear during the meeting that financial exigency is neither a policy prescription, nor is it akin to bankruptcy.<\/p>\n\t\t\t\t
“It doesn’t get rid of debts,” Hostina said. “It’s not a decision regarding the future of the university or what programs will be cut. The board will make those decisions later.”<\/p>\n\t\t\t\t