An October report by the Faculty Senate stated that the disadvantages of the new university budget, Responsibility-Based Budgeting, have vastly outweighed the benefits. According to the report, RBB is a system that places expenses at the college level, rather than at the traditional university level. Under RBB, individual colleges, such as the College of Arts and Sciences, receive a certain amount of the overall university revenue and each college balances their own budgets. According to the senate report, the university currently has a budget of $987.5 million, approximately half of which goes toward academics. http://www.udreview.com/budget-receives-backlash-from-faculty-senate-1.3116855#.UoJIgfmTxOI
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