UNC-Chapel Hill weighs furloughs, salary cuts to offset potential $300M loss
Posted Sep 14, 2020
The University of North Carolina at Chapel Hill could lose $300 million this year because of the pandemic, officials said Friday, meaning job cuts might be needed to balance the school's budget. The $300 million figure amounts to 8 percent of the university's annual budget and doesn't include any cuts lawmakers might make to the UNC system's state funding.
(WRAL.com)
Related: Business & Administration
What to Know About UNC’s Proposed LLC and Associated EntityUNC is taking another step toward creating an entity designed to give its athletic department more flexibility to generate revenue and commercialize its assets. Athletics...
Thu Aug 13, 2026Steve Newmark Proposes Entity to Handle Athletic Revenue; Board of Trustees Tables Discussion
"Over the last year, we’ve been doing an assessment on how to best position ourselves to tackle the increasing costs in collegiate athletics," UNC Athletics...
Tue Aug 11, 2026
Video: IC Podcast - Steve Newmark Steps Up to the Plate at UNC
Greg Barnes and Tommy Ashley of Inside Carolina discuss UNC Athletics Director Steve Newmark’s approach to his new position, the points he’s emphasized in interviews...
Wed Aug 5, 2026
Chansky’s Notebook: Needs to Go...Now
This story is about Steve Newmark, and what he must do in his first year as AD at UNC. Mike Lombardi has grifted his way...
Thu Jul 30, 2026
