NEWS BRIEFS: Univ of Arizona Announces $240 Million Deficit, Exacerbated by Transferring Nearly $100 Million to Support UA Athletics

FROM THE ASSOCIATED PRESS: “The university, which has nearly 50,000 enrolled students, fell 30 days short of the 140 days cash on hand the Arizona Board of Regents required in the fiscal year that ended in June 2023 — a sign that its expenditures were outpacing revenues. The university forecasted 97 days of cash on hand for the fiscal year that ends in June.Read more here.

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