University of Arizona President Robert C. Robbins is speaking this afternoon, Thursday, Nov. 16, to the Board of Regents about "the State of the University" — after recently disclosing a $240 million financial "miscalculation" he has said will require "draconian" budget cuts.
Robbins' remarks began at 3:35 p.m. and are scheduled to run until approximately 4:30 p.m.; today's regents' session at the UA is expected to go until 5 p.m.
As the University of Arizona struggles with an operating-budget crisis, UA President Robert Robbins has said one place he will look to cut is athletics. But such cuts are very difficult, an academic expert on higher education and sports warns.
Facing a significant budget crisis, how much could UA save if it cut certain sports? Not as much as one might think. Other than the profitable men's basketball and football and football programs, all other UA men's sports lost $7.7 million combined in 2021-22.
Faculty criticize University of Arizona leadership amid 'financial crisis'Many are hitting back against UA President Robert Robbins, claiming the turmoil is not a financial crisis, but instead a management one.
University of Arizona President Robert Robbins and the school's chief financial officer were grilled by faculty members about the unexpected "financial crisis" that could result in layoffs and other cuts.
The University of Arizona has its lowest number of days' worth of cash on hand since 2013. "We've got to turn this around."
The University of Arizona has already raised $2 billion of its newly announced $3 billion fundraising campaign.
