Arizona regents address ‘myth’ of $240M: ‘No dollars missing’

Thanking UA President Robert Robbins for his leadership and cooperation, Arnold and Regent Fred DuVal said plans to centralize the university’s budget, as well as action taken to reduce spending late in the fall, were potentially successful steps to reverse course on 2023’s overspending—and said that widespread decentralized spending was the root cause of the UA’s budget deficit and lack of cash on hand, rather than the acquisition of Univeristy of Arizona Global Campus, or spending within the athletics department.

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