- Associated Press - Tuesday, January 13, 2015

FAIRBANKS, Alaska (AP) - The state’s looming budget crisis because of the decline in oil prices could mean layoffs at the state’s flagship university.

The Fairbanks Daily News-Miner reports (http://is.gd/x6PMgP) the chancellor at the University of Alaska Fairbanks is warning that as many as 250 positions could be cut.

Chancellor Brian Rogers told the Fairbanks Chamber of Commerce on Tuesday that UAF is anticipating cuts of between $20 million to $30 million next year amid signals that state funding will decline between 7 to 10 percent.

He says there will be no part of the university that won’t be affected.

He expects to eliminate 200 to 250 positions to help fill the budget gap. Last year, the university cut 160 positions, including 55 full-time jobs.

The university employs about 4,100 people.

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Information from: Fairbanks (Alaska) Daily News-Miner, http://www.newsminer.com

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