RRC Meeting Summary -October
17, 2012
Fiscal Cliff: Fitz gave a presentation that he also did
for the Board of Regents on the so-called "fiscal cliff," which refers to a
substantial reduction in federal funding that is scheduled to go into effect
after the first of the year. Several
federal student programs and research funding will be reduced dramatically
unless Congress and the President pass a law to stop or change the scheduled
spending cuts. A link to Fitz's
presentation is at this link (search for Fiscal Cliff):
http://www1.umn.edu/regents/docket/2012/september/index.html
Fee Management System: The new fee management system will be implemented
in calendar year 2013. By January, it
should be fully developed with implementation in time for FY14 fees to all go
through the new system. You will be
hearing more about this as roll out approaches.
