University of Alaska regents postpone ‘financial-exigency’ decision

July 19, 2019 | Reuters

Leaders of the University of Alaska, facing a 41% cut in state funding by the governor, on Monday postponed a decision to declare the academic equivalent of bankruptcy reorganization until the end of the month.

The university’s board of regents, convened in an emergency session, decided to wait for two more weeks to decide on whether to declare so-called financial exigency, which would allow rapid firing of employees, including tenured professors, and closure of programs and possibly entire campuses.

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