Miami has a budget problem: what does that mean?

Miami was $800,” Creamer said. “This fall for the incoming class, over $17,400.”

This year, Ohio’s legislation is discussing its allocation of funds to universities. Creamer isn’t hopeful the state will provide more funding.

“The strategic planning at the state has been pretty absent,” Creamer said. “This is the year that we do the budget … I expect it’s going to be a tough year.”

The university’s solution

In the short-term, Creamer said Miami will pull funds from its reserves. This upcoming fiscal year, the provost plans to pull $16 million, but in the next few years, Creamer has estimated the provost may need to pull another $25 million from the reserves.

“It’s really important that we see that return in revenue because right now we’re overspending,” Mullenix said.

Concerns were also raised about Miami hiring more professors to help with increases in healthcare and emerging technologies programs. Professors worried the increase in pay for those professors would continue to offset the budget. Mullenix said some increases have already been taken into ac- count. She also said she would look over which programs need to be sunset, or eliminated, to help balance the budget.

Creamer emphasized Mullenix’s role in Miami’s financial decisions.

“The provost has got the difficult job now of seeing if the goals that were set were achieved now,” Creamer said.

In an email to The Miami Student, Creamer also said some of these problems would go away as soon as the two pandemic classes (Class of 2023 and 2024) graduate and new classes enroll at Miami. Creamer wrote that during the pandemic, the two remaining pandemic-era classes were given more university scholarships to assist students and their families.

“The current budget plan assumes this will be sufficient to avoid the need for future budget cuts,” Creamer wrote. “Obviously, the budget plan will be updated each year to reflect the actual budget situation.”

The full presentation can be obtained from the Office of the Provost.

@abby_bammerlin bammeraj@miamioh.edu @lukejmacy macylj@miamioh.edu