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Gov. Michael Dunleavy today signed a compact with the University of Alaska, which says the governor will only veto $25 million from the system this year, $25 million next year, and $20 million the following year, for a total of $70 million over the three years of the agreement.
The University System will continue its path toward a combined accreditation system, and will continue working with the federal government to obtain more land, which it could use to raise money.
In a press conference with University of Alaska System President Jim Johnsen and Board of Regents Chairman John Davies, the governor reiterated his earlier statements about the need for a conversation about the budget. His original cut to the university system was $135 million in one year.