• 63°

Pandemic could create $300 million budget hole for UNC-CH

Officials at the University of North Carolina says the school may need to implement furloughs to manage a deficit that could reach $300 million due to the coronavirus pandemic.

In a faculty council meeting Friday, interim vice chancellor for finance Nate Knuffman said the potential $300 million deficit for the fiscal year would amount to about 8% of all university revenues.

He said the university has already sought to reduce expenses and delay capital projects, and officials said some auxiliary units in the university like athletics have already implemented furloughs.

But more could be required as the budget crunch continues.

READ ABOUT MORE SCHOOL NEWS HERE.

RECENT HEADLINES:

College of The Albemarle: Working to keep it safe while keeping it open

UNC Wilmington splits roommates in light of virus

Crime

Ex-investment manager accused of defrauding NC Mutual

News

Fort Bragg IDs two bodies found in military training area

Currituck

Mackay Island National Wildlife Refuge to ‘open roads’ this weekend

Currituck

Tree lighting event in Currituck set for Saturday

Currituck

Holiday event for seniors set in Barco

News

2020 hurricane season officially over

Lifestyles

River Town Christmas events planned in Columbia

Crime

Fugitive wanted in Richmond apprehended in Currituck County

Lifestyles

Santa Claus is coming to Manteo

News

Investigators look into two bodies found on Fort Bragg

Crime

Pursuit leads to two arrests in Currituck County

News

North Carolina store owner cited for discouraging masks

Crime

Police: 18-year-olds charged with assaulting couple at North Carolina mall

News

Lon Adams, Slim Jim jerky recipe creator, dies of COVID-19 complications

News

Lowack elected KDH Zoning Board of Adjustment chair; board hears from two exemption applicants

News

Virtual meeting on Rodanthe Bridge set for Thursday

Currituck

4-H project book training set

News

North Carolina to get 85,000 initial Pfizer COVID vaccine doses

News

Thirty-seven additional positive COVID-19 test results reported in Dare

Crime

FBI searches for ‘Too Tall Bandit’ suspected in 16 bank robberies

News

US appeals court rules judge wrongly halted NC voter ID

Hyde

Food box distribution Thursday for Hyde County

Lifestyles

WinterLights: Holiday displays bring a decade of cheer

Lifestyles

Free health screenings for those in fishing industry