Progress Reports – CUNY

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  1. Spending Reduction Target
    • CUNY’s current-year savings target is $71.6 million, reflecting the Governor’s order for a 10.35 percent reduction in projected agency spending.
    • CUNY is currently expected to achieve its entire $71.6 million spending reduction target.
  2. Major Savings Initiatives
    • CUNY is already in the process of implementing the following actions to achieve their savings target:
    • Reduce support for university-wide programs ($7 million).
    • Decrease Senior College non-personal service spending ($16 million).
    • Reduce Senior College personal service spending by decreasing administrative staff and imposing hiring restraints for position vacancies ($13.3 million).
    • Increasing planned bonding of equipment purchases to decrease current-year liabilities ($7 million).
    • Transfer accumulated fund balances to the General Fund ($25 million).
    • Defer technology acquisitions and reduce support for the Adult and Continuing Education program ($3.3 million).
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