University of Wyoming trustees to hear plan on budget cuts

Money in the form of many large bills
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Laramie, Wyo. - The University of Wyoming Board of Trustees will be discussing how the state's only public four-year university will cut more than $40 million from its budget over the next two years.

Trustees are holding a special meeting in Laramie on Wednesday where new UW President Laurie Nichols will present her plan to start cutting the budget, beginning July 1.

The state has reduced its financial aid to the university because of a drop in tax revenue from the downturn in Wyoming's energy extraction industry.

The cut in state funding is compounded by a need for the university to find about $13 million over a two-year period to cover others costs that the Legislature could not fund. That means reallocating money it had planned for other things.