WICHITA, Kan. (AP) — Wichita State University says it will cut about $1.5 million a year and reallocate funds to help pay for a new School of Business building.
The decision comes after students voted last month against doubling a campus infrastructure fee all students pay. It would have raised an estimated $38.5 million.
The Wichita Eagle reports Provost Richard Muma said the cuts from the general use budget will be enough to make an annual payment on a $20 million bond. The remaining $30 million needed for the Frank Barton School of Business building will come from private gifts to the WSU Foundation.
The university said it will reduce funds for the School of Business, the Division of Academic Affairs, the Office of Research and Technology Transfer, other divisions and Athletics.
Information from: The Wichita (Kan.) Eagle, http://www.kansas.com