U.F. Budget Cuts Could Hurt Neighboring Businesses
They've already eliminated over 20 million dollars from their budget because of property tax cutes, but now University of Florida administrators are having to cut more.
U.F. president Bernie Machen has a suggestion of how to do it, but it may end up hurting the businesses that depend on the university. Machen and administrators recently found out that state lawmaker won't be able to give the university as much money as they had hoped for this fiscal year.
So, Machen is now considering several options - including cutting back on the number of summer school courses that are offered.
If that happens, many of the businesses that sit across university avenue from U.F. say they will lose a huge portion of their customer base.
"All my employees are students actually. That's going to hurt me even more," said Charles Bahn, the owner and chef of Tatu Sushi Restaurant.
For now, Machen's idea is simply a proposal, and nothing is set in stone, including the date that university administrators will decide what gets cut and what stays.
But they say as soon as they know something, so will everyone else.
By David Hamilton/WCJB TV 20 News
- U.F. Board of Trustees Approve Budget Cuts
- U.F. Faculty Senate Fights Back Against Budget Cuts
- The Hippodrome could see cuts under Gov. Scott's proposed budget
- Court's Net Neutrality Ruling Could Hurt Startup Companies
- Homeless Hurting Local Businesses?
- State Homeless Funding Could Be Cut
- Oil Spill Could Reach Cedar Key; Clamming Business May Be Forced to Shut Down
- Millage Increase Could Help Alachua Schools Out of Budget Deficit
- Budget Cuts to Universities Part II
- Budget Cuts to Schools Part I