Saturday, February 9, 2019
Following up on my previous posts (links below): Minnesota Daily, Regents Approve Tuition Surcharge For CSE Students:
As the Law School continues efforts to resolve a multi-million dollar deficit, the board reviewed progress made on a three-year plan.
After the first year of the plan, Law School Dean Garry Jenkins said the Law School is well on its way to resolving its “structural imbalance” by 2021.
The school reduced its deficit to $3.9 million in fiscal year 2018, a 33 percent reduction from two years earlier. The school expects to reduce the deficit by another $1.4 million in fiscal year 2019.
“The law school has made tremendous progress in the time we’ve put it under this microscope,” said Senior Vice President for Finance and Operations Brian Burnett.
Jenkins said the Law School met or exceeded all metrics this year set by an oversight committee, although it has not been easy. “It has meant a lot of cuts, a lot of change. Lower salary increase for our faculty and [professional and administration staff],” Jenkins said. “This has not been easy, but it is something we have been taking very seriously and we are very committed to success.”
The school saw its largest entering J.D. class in seven years, Jenkins said, which exceed enrollment targets by 9 percent.
Several regents expressed support for the Law School’s reducing costs, while maintaining its place as a top 20 law school in the country. “I know what we’ve asked you to do — reducing the budget while keeping or improving national rankings — is hard,” Regent Anderson said.
However, Jenkins said there remain challenges to the school’s success, including a dramatic drop in international law students and pressure to contain tuition increases.
Prior TaxProf Blog coverage:
- Amidst 32% Enrollment Decline, University Of Minnesota Funds $16 Million Law School Operating Deficit (Feb. 12, 2016)
- Dorothy Brown: A Top Law School Will Close In 2-4 Years (Mar. 17, 2016)
- NY Times: Amidst 33% Enrollment Decline, University Of Minnesota Funds $16 Million Law School Operating Deficit (May 13, 2016)
- University Provides $2.2 Million Lifeline to Minnesota Law School to Help Close $3 Million Budget Deficit Caused by 18% Enrollment Decline (June 4, 2016)
- Chronicle: Highly Ranked Law Schools Like Minnesota, Washington & Lee Cut Enrollments, Costs To Survive (July 2, 2016)
- Minnesota (-33%), Oregon (-43%) Law Schools Welcome Much Smaller 1L Classes Compared to 2011 (Aug. 23, 2016)
- Amidst Declining Enrollment And Budget Deficits, Minnesota Law School Dean Seeks To Shift Narrative (Oct. 8, 2016)
- University Of Minnesota Increases Law School's Annual Subsidy To $12 Million Amidst Declining Applications, Enrollment (On Top Of $40 Million Subsidy Since 2012-13) (May 11, 2018)
- University Of Minnesota Law School Seeks $3.6 Million Increase In Subsidy To Maintain Top 20 Ranking (May 29, 2018)
- University Of Minnesota Approves $3.6 Million Subsidy For Law School; Regent Urges School To Drop Quest To Retain Top 20 Ranking Due To Projected $100 Million 10-Year Subsidy (June 22, 2018)
- Minnesota Associate Dean Tells The Story Behind The Media Coverage Of The Law School's Budget Challenges (June 23, 2018)