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After 40% Funding Cut, Alaska Public Universities May Declare 'Academic Bankruptcy'
Governing: Alaska’s public university system will consider declaring a financial emergency in response to a 41 percent cut in their state funding.
On Wednesday, lawmakers failed to override Republican Gov. Michael Dunleavy’s line-item veto that eliminated $130 million from the state's share of the University of Alaska budget. Administrators are also preparing to lay off as many as 2,000 university employees, cut programs and possibly consolidate the three universities onto one campus.
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