Posted inMaine

UMaine-Augusta names Rebecca Wyke as new president

AUGUSTA (AP) — The University of Maine System says the system’s finance and administration vice chancellor Rebecca Wyke will be the next president of the University of Maine at Augusta. A spokesman for the university system says Wyke’s appointment will be effective July 1. The appointment comes after the approval of the Board of Trustees […]

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UMaine System expects to dip into reserves to balance budget

BANGOR — The University of Maine System expects to dip into its reserves for $8.8 million in order to balance its budget for fiscal year 2016 in spite of increased funding from the state, according to system officials. “This level of deficit spending is not sustainable and is stark evidence that the current operating model […]

Posted inMaine, sj-web

University asks for more state funding to maintain tuition freeze

BANGOR — For the first time in three years, the University of Maine System plans to ask the state for an increase in the amount of funding the seven-campus network receives from taxpayers. Pending approval from the Board of Trustees, the system will ask for $182.2 million for fiscal year 2016 and $189.1 million for […]

Posted inMaine, sj-web

UMS vice chancellor gets $40,000 raise as universities struggle with budgets

BANGOR — While confronting a $36 million budget shortfall, the University of Maine System gave its top financial administrator a $40,000 raise between last fall and this spring, according to reports of employee salaries that the system publishes twice a year. UMS vice chancellor for administration and finance Rebecca Wyke’s salary was listed at $205,000 […]