UNC system will lose $414 million from state

The News & Observer
July 8, 2011
BY JANE STANCILL - Staff Writer

CHAPEL HILL -- UNC-Chapel Hill's funding from the state will be reduced by nearly 18 percent - or more than $100 million - making the historic flagship the hardest hit among the UNC system's 17 campuses.

Reductions will be 15 percent, or $79 million, at N.C. State University, and 14 percent, or $13 million, at N.C. Central University. The UNC system as a whole will be cut $414 million in the fiscal year that started July 1.  The allocations were approved Thursday by the UNC Board of Governors' budget and finance committee, acting with the authority of the full board....  At NCSU, state appropriations make up about 42 percent of overall funding. And at UNC-CH, the state money was 22 percent of the campus's $2.4 billion operating budget in 2009-10. UNC-CH has more private fundraising capacity than other campuses and pulls in hundreds of millions of dollars in federal research money each year. But the donations and federal dollars are largely earmarked for specific uses and can't be tapped for the operating budget.  Click here to read more.