ATHENS, Ga. - University of Georgia President Michael Adams says more University of Georgia employees will lose their jobs next year.
Adams told the University Council on Thursday that the latest round of state budget cutbacks means UGA will get $32 million to $33 million less in state money next year. He said that if the loss of formula funding from the state is included, the loss is about $48 million. Formula funding is money that's usually added to the university's budget to account for increased costs.
Adams said the hikes in tuition and fees approved this week for UGA students will only bring in about $20.5 million in additional revenue.
He said university officials will make decisions about where to cut in the next few weeks.