TU'S BUDGET CUT

TU receives $1.9 million in budget cuts

By Sarah Sternhagen, The Towerlight

Gov. Wes Moore issued mid-year budget cuts throughout the state, including reductions to the University System of Maryland. Towson University’s budget has been reduced by $1.9 million as a result.

The budget cuts come as part of a state wide, $148.3 million reduction issued on July 17. The cuts come mid-year, meaning TU did not have the ability to factor the cuts into their operating budget for the 2025 fiscal year when it was approved back in May. Towson’s current budget is $643 million.

According to Towson’s Chief Financial Officer Ben Lowenthal, Towson has already issued plans to deal with the cuts. All departments at Towson have been asked to reduce their spending by 1% this year to combat the budget cuts, Lowenthal said. He expects that should save the University approximately $1.3 million.

“Whenever we do have the unfortunate scenario of budget reductions, FINISH READING HERE

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