The university’s previous rating of A1 has been dropped three notches to BAA1. The lower rating means it will be more expensive for the university to borrow money for various projects.
University of Alaska
As University of Alaska faces uncertain financial future, officials focus on supporting current students
In the face of an unprecedented cut from the state, University of Alaska staff, faculty and students have a lot of uncertainty about their futures.
University of Alaska regents postpone vote on financial exigency
University of Alaska regents have postponed voting on a declaration of financial exigency, a contractual tool that allows more expedited cost cutting, including laying off of tenured faculty.
With no veto override, UAS chancellor expects layoffs at Southeast campuses
Without an override of Gov. Mike Dunleavy’s budget vetoes, the UAS chancellor says the university will likely see significant layoffs of staff and faculty at the Juneau, Sitka and Ketchikan campuses.
While Dunleavy’s budget vetoes survive override vote, Alaska’s Legislature remains divided
While there won’t be a formal way to override the vetoes after Friday, there may be another path to restoring funding for some line items.
University of Alaska president: Campus closures, program elimination and layoffs on the table under Dunleavy vetoes
The University of Alaska stands to lose $134 million in state funding if Governor Mike Dunleavy’s line-item vetoes are not overturned by legislators.