The UNT System Board of Regents met last month and approved UNT’s FY21 operating budget. As you know, this is a difficult time financially for UNT and every other university in the country. In the face of a challenging fiscal environment, Academic Affairs has engaged in strategic budget reductions and reallocations. During Fiscal Year 19-20, Academic Affairs reduced its budget by $6.9M. For Fiscal Year 20-21, across Academic Affairs, we have implemented a 5% budget cut and are prepared for an 8% budget cut—which would total $15.3M in reductions.