Budget Update
Approximately 75% of MSU’s budget is for human resources (salaries, wages, and benefits). At the MSU Town Hall Meeting on Monday afternoon, April 10, President Smart noted that non-academic cost centers (e.g. Student Life, Athletics, Alumni Affairs) plan to cut 4.9% from their operating budgets. A total of $2.8 million will be cut from the non-academic cost centers . The colleges, including the Libraries, need to cut 1.2% from their budgets or $1.248 million. At the Provost’s Budget Committee meeting…