AU to lose millions in funding

Posted by: John Shryock - bio | email

AUBURN, AL (WSFA) - Auburn University says the governor's order to increase proration by an additional two percent will hit its bottom line hard.

The university says the order will force AU to reduce appropriations by more than $5.3 million for the remainder of the 2009 fiscal year. The FY ends in two months.

Mike Clardy, a university representative, says Auburn will have to address the additional losses in state funding, but it's too soon to identify just how that will happen.

Governor Bob Riley made the announcement Friday, pushing proration from nine percent to eleven percent through the end of the fiscal year.

Riley's office says tax collections earmarked for the Education Trust Fund dropped more than 10 percent in the last eight months since proration was initially declared.

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