Alaska's Budget Is Slumping. The Governor's 40% Cut to the University Could Make It Even Worse

Alaska Gov. Mike Dunleavy thinks he has a solution to years of state budget shortfalls from shrinking oil industry revenue. On June 28, he used his veto power to slash more than $440 million from the state’s budget. The cuts are wide-ranging, but the University of Alaska will take the biggest single hit, with more than 40% of its state funding––$130 million––gone.

Alaska Gov. Mike Dunleavy thinks he has a solution to years of state budget shortfalls from shrinking oil industry revenue. On June 28, he used his veto power to slash more than $440 million from the state’s budget. The cuts are wide-ranging, but the University of Alaska will take the biggest single hit, with more than 40% of its state funding––$130 million––gone.