While many are in the giving mood this holiday season, congress is fighting over just how much money they can take in american tax dollars.
The fiscal cliff threatens much more than just our paychecks as summer joy tells us why idaho state university is already taking steps to avoid the fall.
I spoke with James Fletcher, the Vice President for Finance and Administration, to get the details on what areas of education might be affected at ISU.
If a deal isn’t reached between the president and lawmakers in congress I-S-U will probably see an 8-10 percent cut in financial aid and research.
These areas will be affected because much of their funding comes from the federal government.
“It has put us in a position of maximum flexibility, not allow our schools to make any expense commitments that we think are not prudent at this time and stand prepared to work with the rest of the senior administration and our board to do whatever is required to adjust to the situation once it’s a lot clearer than it is,” said Fletcher.
Fletcher said that the university is taking pre-cautionary steps to help prevent any deep cuts that could happen. He also added that students and faculty shouldn't be too affected.
“We’re proud of the fact that even though we’ve had the steepest recession since the great depression. We have had no layoffs, no salary cuts, and no reductions and we have had improvements in student services and not declines; that philosophy and approach that the president and I share with him and this is what we would take to this as well,” added Fletcher.
Idaho State University has a very conservative budget and according to Fletcher is in excellent condition.
Fletcher has trust and confidence that the fiscal cliff will be dealt with by christmas and has assurance that isu will experience little or no negative effects.