Public reports of an all-agency memo regarding budget reductions are correct. The state has asked all agencies, including the Nevada System of Higher Education, to prepare plans for budget cuts. Here’s the essence of the request: “As a result of the most recent revenue reports, agencies will need to determine proposed budget reserves in the amount of 6%, 8% and 10% for FY 2010 and FY 2011 and submit them to the Budget Office by the close of business on Tuesday, January 5, 2010.” For the current fiscal year, the cut would be prorated.
CSN has planned for a mid-year cut, although not at such high levels. Now, we’ll revise our plan and respond as the Board of Regents may direct. As you know, we have done this in previous years; we know how to improve our response with each cycle of cuts. Please be assured that even though the holidays are upon us, we will make this an inclusive process. The memo fromstate Budget Director Andrew Klinger also includes this sentence: “At this time no decision has been made as to whether these budget reserve recommendations will be implemented, however this information will be considered in the decision making process for closing the current projected deficit.”
As we receive more information, I’ll certainly share it.