UNC president, AD taking pay cuts
GREELEY — University of Northern Colorado president Andy Feinstein, the school’s vice presidents and it’s athletic director will take 10% pay cuts, Feinstein announced during Wednesday’s Board of Trustees meeting.
“While this is the first cost-saving measure I am implementing to respond to the financial hardship our university and community will face, it will not be the last,” Feinstein said in a campus memo Wednesday. “Although no specific decisions regarding additional budget reductions have been made, I have asked my team to keep all options on the table.”
The university estimates that the financial impact of COVID-19 will be $4.5 million in lost revenue this year and as much as $18.5 million next year.
SPONSORED CONTENT
People Powered: Preparing Longmont Businesses for Economic Success
Longmont Chamber and FNBO present People Powered on April 24, 2024, aiming to inform business owners about workforce development, housing, and transportation issues.
Feinstein said “everything remains on the table in addressing next year’s budget, including furloughs, salary decreases, workforce reductions, and outsourcing,” according to a UNC news release.
