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Taxpayers must pay the freight for over-budget train projects
Topic - Mike Reid
The University of Montana faces a nearly $6 million budget deficit for the rest of the 2014 fiscal year and has implemented a "hiring chill" as its leaders look for ways to save money due to decreased enrollment.
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Mike Reid, the university's vice president of finance and administration, said about $3.2 million of the revenue shortfall will be covered by savings on items such as utilities, printing and software purchases, while another $2.5 million will come from departments.
"Since the beginning of the academic year, when the enrollment looked soft among upper division students, we implemented a hiring chill," Reid said. "We looked at restructuring and using attrition to help make up the savings, and it's helping the departments identify some funds."