At UMass, we’re committed to delivering a world-class education at an affordable cost and providing exceptional value to the citizens of the Commonwealth. That’s why we’ve made it a top priority to manage our resources as efficiently as possible, with ongoing projects estimated to save nearly $300 million over 10 years. These efficiency projects, meant to improve the way the university does business, span from energy and office supply purchasing to debt management and financing.
In addition to university-wide efficiency projects, President Meehan reduced central office spending by $3.1 million during his first year, or 4 percent of a $72 million budget, in order to "set the tone from the top and be very clear in our focus on fiscal stewardship." "Our commitment to our students, their families and the taxpayers to manage resources carefully is firm and unwavering," said Meehan.
These dramatic operations savings have come alongside continued enrollment growth. UMass has increased enrollment by 10,000 students over the last eight years and reached a record-high of more than 74,000 students last September, all while holding the general cost of education level because of cost-saving measures, according to the latest Efficiency & Effectiveness report.
And we’re committed to uncovering additional savings and efficiencies going forward. Every dollar we save allows us to invest more resources in research, teaching and the student experience, and ultimately makes UMass more affordable for our students and their families.