KNOXVILLE, Tenn. (AP/WVLT) -- The University of Tennessee Foundation is making cuts in the face of a $2.2 million shortfall expected in the upcoming budget cycle.
The foundation is considering a delay in the hiring of a new president, the elimination of positions that aren't currently filled and reassigning some positions.
Lisa Taylor, chief financial officer, told board members during a meeting on Tuesday that the agency is also making $1.1 million in hard cuts.
UT President Joe DiPietro recommended waiting until 2015 to initiate a search for a new president, but UT trustee and foundation board member Charles Warton raised concerns about such a long delay.
No final decision was announced on the matter.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.