ERIC Number: EJ930683
Record Type: Journal
Publication Date: 2010-Jun-4
Reference Count: N/A
Lessons from Restructuring the University of Maine System
Pattenaude, Richard L.
New England Journal of Higher Education, Jun 2010
Even before the international financial crisis, the University of Maine System was looking at a $42.8 million projected annual shortfall between revenues and expenses within four years if it continued business as usual. In this article, the author describes the approach used to deal with a rapidly growing structural gap in the finances of the University of Maine System and the lessons learned. It's never easy to move a large organization in a new direction. To succeed at this, leaders need to have the courage of their convictions, good colleagues on campus and in the administration, the solid backing of their trustees, flexibility and a clear commitment to where they want to go. And if that goal is based upon deep belief in serving students and the state, then one is comfortable in taking action and risks.
Descriptors: Educational Finance, Higher Education, Trustees, Campuses, Governance, Costs, Universities, Tuition
New England Board of Higher Education. 45 Temple Place, Boston, MA 02111. Tel: 617-357-9620; Fax: 617-338-1577; e-mail: email@example.com; Web site: http://www.nebhe.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Authoring Institution: N/A
Identifiers - Location: Maine