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Results tagged “rainydayfund”

Big Cuts Bring Last Dawg Days for Higher Education

Man, why does the state gotta hate on education? First 6,000 newbie teachers get axed and now UW unveils the $73 million worth of university budget cuts. How it looks: admin is screwed, but to help academic units, UW will dip into its $10 million "rainy day" reserve fund. Academic priority went to the university's money-making programs, surprisingly, that do the most teaching. Buh-bye law, hello psychology! Now for the five or six remaining faculty and handful of students, it's not great news. Especially for the 300+ freshman not getting into UW this fall. (Curse you, algebra!) Here are the big cuts that academic programs will leave at the guillotine: Arts and Sciences ($10.5 million), Medicine ($5.3 million), Engineering ($4 million), Business ($1.9 million), Law ($1.6 million), and Ocean and Fishery Sciences, Nursing, and UW Graduate School ($0.9 million each). more ›

Mad Money Big Issue of Governor's Race

Governor Christine Gregoire has admitted Washington is facing a budget deficit for 2009-11 (currently the state has a surplus), after third-party "GOP" candidate (He's what now? A Republican?) Dino Rossi staked out the issue. Now that she's announced cutbacks and a raid on the state's rainy day fund to cut the projected $3.2 billion deficit by half, Rossi can't find anything good to say about that, either. It is thrilling to hear a Republican deride reckless deficit spending; Ronald Reagan was all for it. But besides his time machine which transports tomorrow's deficits to today, Rossi seems to have a magic calculator, too--his 8-lane 520 bridge practically pays for itself. more ›

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