After dipping into reserves this year, the University of Maine System expects to face at least four more years of multimillion-dollar budget deficits, setting the stage for future cuts likely to hit small campuses hardest.
The system opened a new year of operations in July by needing to close an $18.8 million budget shortfall to remain balanced. But the outlook has worsened just in the past few weeks with enrollment continuing to decline across the system. Officials now say they will likely have to solve shortfalls of $40 million in total between now and 2027.
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