Gov. Mike Dunleavy announced Tuesday that he had reached an agreement with University of Alaska officials about state funding. Instead of a one-year, $135 million state funding cut for the UA system, they have agreed to a $70 million cut spread over three years.The announcement was made in the governor’s office in Anchorage with UA Board of Regents chairman John Davies and UA President Jim Johnsen.Davies and Dunleavy signed the agreement on Tuesday in front of reporters. The agreement includes a $25 million cut in the current fiscal year, a $25 million cut the following year and a $20 million cut in fiscal year 2022.Planning was already in motion for a $135 million cut, a sudden, deep reduction that UA officials have described as “draconian.” The...
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Governor, University of Alaska officials reach new funding agreement: A $70M cut over three years