COVID-19 began in February 2020 as a health crisis, but as time goes on and more Americans lose their income, savings and businesses, it has extended beyond just health into an economic crisis as well. Similar to other catastrophes, such as Katrina and 9/11, when America faces a crisis our financial vulnerabilities are exposed and the need for financial education is obvious. According to a new Charles Schwab Financial Literacy Survey, half of all Americans (50%) would experience financial hardship if they
Any budget increase will be treated as a cut because it wasn’t as large an increase as the universities requested.
Any actual cut will be treated as armageddon.
As a starting point for pandemic-era budgeting — the 2021 legislative session begins in January — Gov. Doug Burgum asked the universities to cut 10% from their budgets.
The folks in higher education say this will hurt their ability to provide academic services, which is what they always say when their budget is getting cut, or just not getting increased as much as they’d like.
“It more than likely would result in some academic programs (being eliminated), reductions in student services,” North Dakota University System Vice Chancellor Tammy Dolan told an interim legislative committee this week.
To be fair to our friends in the university system, who are generally good people despite their myopia on fiscal matters, they really have seen some