University Financial Updates
Ensuring Financial Health and Success
The University of Arizona is actively working to ensure strong financial health and the ongoing success of our teaching, research and outreach mission.
Summary of Financial Situation
In the fall of 2023, the University began working to address a budget shortfall. The vast majority of the deficit was a result of accelerated spending to enhance and improve the overall experience for students, faculty and staff. This includes millions spent on student merit aid, spending to retain and attract world-class faculty and staff, and critical strategic investments. Learn more about the background of the University of Arizona financial situation, including external and internal factors.
Financial Action Plan Overview
The University is taking all actions necessary to address and eliminate its structural deficit while providing an outstanding educational experience for our students, research that drives economies and improves lives, and outreach that benefits millions across the state of Arizona and far beyond.
Based on input and feedback from faculty, student, staff and leaders across campus, the University created an action plan that includes implementing ongoing cost-reduction measures and structural changes that address budget decision-making frameworks and accountability controls, and create operational efficiencies. The plan was submitted to the Arizona Board of Regents on Dec. 13, 2023.
University leadership continues to work with the Arizona Board of Regents and shared governance partners to balance our budget by Jan. 1, 2026, while also minimizing the impact on our students, faculty and staff.
Our Priorities
Resources
Action Plan
Resources related to the financial action plan.
Budget & Planning
Resources related to budget and planning at the University of Arizona.
FY 2025 College Budgets - Preliminary
Arizona Board of Regents
Resources related to the governing body for Arizona's three state universities.
Previous Updates
Date | Sender/Information Source | Title or Subject |
---|---|---|
April 25, 2024 | John Arnold and Ronald Marx | Update on Fiscal Year 2025 College Budgets |
April 25, 2025 | Helena Rodrigues, John Arnold, Ronald Marx | Update on Recent Decisions Regarding Separation Processes |
April 18, 2024 | Robert C. Robbins, President | University of Arizona Budget Update for Fiscal Year 2025 | ABOR meeting recording |