CHAPEL HILL – UNC Provost Jim Dean says University leaders are in the process of putting the final touches on this year’s budget.

“We’re on a fiscal year budget of July through June, but we can’t really do our budgeting until the legislature does their budgeting, and then the General Administration does their budget,” Dean says. “We’re downstream from that, so we’re getting close to the end of the budgeting.”

At its Aug. 9 meeting, the UNC System’s Board of Governors made it’s allocations for the 16 campuses, based on the North Carolina General Assembly’s two-year budget plan.

The legislature’s spending plan, which was approved in July, called for substantial cuts to the UNC System. The spending plan designated $115 million in permanent funding reductions to the System’s base operating budget.

State budget cuts also called for the elimination of all funding for the UNC School of Medicine.  Five years ago, appropriations for the School of Medicine were about $46 million.

“We did better than we might have done but not quite so well as we would have hoped in certain areas,” Dean says. “We did end up with some budget cuts again. They are not so bad as we feared at one point.”

During four consecutive years of state budget cuts since the economic downturn, UNC campuses including Chapel Hill have faced significant reductions in state funding. Carolina has taken approximately $235 million in total state cuts since 2008, according to UNC’s website.