* Plan for hotels near Anschutz Medical Campus moves forward
* University of Colorado Cancer Center names new director
* Five questions for John Jackson
* University's new expense system continues to roll
* President's Task Force on Efficiency seeks more suggestions
* Procurement Service Center launches redesigned Web site
* Sustainable practices program adds management certificate
* Conference to examine 'Islam and the Media'
* People
* Forum
  Expert: State's economy to stabilize but still lose jobs in 2010
  Chancellor: University must grow to avoid financial 'cliff'
  Employee teams form to respond to community needs
  Study highlights lack of knowledge regarding hospital medications
  License agreement gives Viral Genetics Inc. right to develop cancer therapies
   Newsletter Archive
Download Newsleter in PDF
Share your thoughts
Share your opinion in a Letter to the Editor

Send your thoughts and suggestions for the Newsletter

News from the CU system - UCCS

Chancellor: University must grow to avoid financial 'cliff'

Faced with the potential for a steeper than expected financial "cliff effect," University of Colorado at Colorado Springs Chancellor Pam Shockley-Zalabak last week told a standing-room-only crowd at the University Center Theater that enrolling and retaining students is vital to the university's ability to withstand its current financial crisis.

Shockley-Zalabak pointed to a 6.7 percent increase in student credit hours this fall as an example of the kind of efforts that will help UCCS avoid a looming financial crisis created by the withdrawal of federal stimulus funds following the 2010-11 fiscal year. Each faculty and staff member can assist the university in achieving student enrollment and retention goals, she said.

"I'm talking about a university with high standards but with high scaffolds that help people get where they need to be," Shockley-Zalabak said.

In a series of charts and graphs updated from a September presentation, Shockley-Zalabak outlined worsening state fiscal conditions, including UCCS' share of a federal stimulus shortfall estimated at $1.5 million for 2010-11.

"Stimulus funds are not going to be enough," Shockley-Zalabak said. "Earlier, I said we were working on a 20-month timeline. I think it's now closer to six (months)."

Shockley-Zalabak outlined plans by Gov. Bill Ritter that include freezing state employee salaries and requiring state employees to make an additional 2.5 percent contribution to their Public Employees Retirement Association accounts. She emphasized the Dec. 18 state revenue forecast as pivotal to future funding decisions.

State funding for UCCS may decline from a high of $22.9 million in 2008 to perhaps $10 million at the end of 2011.

Unemployment remains high and, as a result, sales and income tax collections — primary sources of income for state government — are down. As a result, UCCS must increase revenues by an estimated $12 million, Shockley-Zalabak said, by increasing enrollment, improving efficiency and effectiveness, and generating revenues from sources such as conferences and extended studies.

"We do have choices," Shockley-Zalabak said. "They are not easy choices and in many cases they are not obvious choices. But, nevertheless, they are choices."

Additional forums are planned through the spring semester as new information about the university's state-supported budget becomes available.

Bookmark - Print - Share

Previous UCCS Stories

University to program downtown art gallery

Event Center weeks from completion

Forum attendees gain ideas - and T-shirts

Colorado Springs economy recovering slowly

Bike share program gets rolling

Center shares in $1 million math improvement grant

Forum to provide 2010 southern Colorado economic outlook

Office of Global Education a first for UCCS

Professor earns $400,000 junior faculty grant

Science and Engineering Building builds on accolades

Grant money aimed at boosting future teachers in southern Colorado

Magazine salutes school for service to service members

Science and Engineering Building earns gold for efficiency and innovation

UCCS earns reputation as leader in homeland security

UCCS Center for Homeland Security to conduct elementary school survey

Mexican scholars learn English as a second language

UCCS professor on mission to design next-gen automobiles

New Science and Engineering Building gets thin-film solar panels

UCCS professor authors status report on state's charter schools

89-year-old pursues physics with passion