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President Bodnar: University of Montana is at ‘critical juncture’

February 1, 2018 /

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The University of Montana needs to close a gap of about $10 million between revenue and expenditures over the next four years.

The gap is made up of a $3.5 million "structural imbalance" and $6.5 million in costs UM must absorb from the 2019 to 2022 fiscal years, UM President Seth Bodnar said Wednesday. UM’s general fund expenditures for 2018 are estimated to be $131.5 million.

In presentations this week, Bodnar said the campus is at a critical juncture and higher education is in a pivotal moment. In charting a plan that puts the university on sound financial footing, he said the flagship must have a sense of urgency.

"This isn’t a crisis. We are managing through this. But it’s not sustainable over the long run," Bodnar said.

KEILA SZPALLER [email protected]

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