"University of Arizona Implements Drastic Measures to Tackle Financial Crisis"

The University of Arizona is implementing a financial plan to address an ongoing budget deficit, which includes the resignation of the CFO, Lisa Rulney, and the enactment of hiring and compensation freezes. The university will also reduce financial aid for out-of-state students and defer raises. President Robert C. Robbins presented the plan, which aims to address overspending and poor budget controls, and includes measures such as freezing international travel, restricting purchases, and deferring nonessential capital projects. The university will eliminate the tuition guarantee for new students starting in fall 2025. The plan also involves reorganizing administrative services and implementing a centralized planning model.