Facing ‘financial risk,’ UC San Diego lays out protective measures

Photo via UCSD.

The university will pause hiring and some building projects, according to Chancellor Pradeep Khosla. 

UC San Diego is pausing hiring and changing capital project plans amid “escalating financial pressures,” according to an April 1 campus notice to UCSD academics and staff from Chancellor Pradeep Khosla.

Current and proposed budget cuts, grant cancellations and stop work orders, federal agency reductions and payment delays, threatened cuts to Medicare and Medicaid and other factors “pose a significant financial risk to the university,” Khosla wrote.

In response to what UCSD estimates could be anywhere from from $75 million to more than $500 million annually in cuts, Khosla said the following changes have been implemented:

A hiring pause is now in effect for UCSD and UCSD Health, with limited exceptions; the Multidisciplinary Life Sciences Building and the Hillcrest Multipurpose Clinical Research Building projects are indefinitely delayed (current projects near completion will be finished); UCSD leadership is developing “budget strategies to respond to actual and potential reductions in research grants, indirect cost recovery and state funding,” Khosla said; and ongoing advocacy to safeguard research is underway.

In the last month, UCSD Principal Investigators have received approximately 50 notices of award disruption, Khosla wrote, with an increase in payment delay for expected grant monies.

“It is essential that we remain nimble and proactive in evaluating and responding to the many challenges facing our institution,” Khosla said. 

© lajolla.ca

COMMUNITY

Locally Loved

Your guide to community updates, neighborhood projects and restaurant news around La Jolla.

WEEKLY SCHEDULE

What's Happening

Live music, local theater and events to stay active.


View events calendar
Submit a local event listing
LIVE COVE STATUS

Tides & Sunset

Loading tides...
Loading ocean temp...
Loading sunset...
View tide tables
SUNDAY MARKET

La Jolla Open Aire Market

Join the community in supporting local schools and farmers every Sunday at Girard and Genter.

NEWSLETTER

Straight to Your Inbox

Join more than 10,000 locals who get our curated La Jolla news and events digests weekly.

Subscribe

Elisabeth Frausto

Elisabeth Frausto has been reporting on and writing about La Jolla since 2019. With dozens of local and state journalism awards to her name, Elisabeth knows the industry as well as she knows her community. When she’s not covering all things 92037, you’ll find her with coffee in hand staring at the sea.

You May Be Interested

Subscribe

Subscribe to our Newsletter

Everything happening in La Jolla, sent right to your inbox!

Enjoying our content?

Your contribution helps support our small local team of journalists in continuing to bring you quality content and news about La Jolla.

Most Recent

  • Tags
  • 1720 Torrey Pines Road
  • 2734 Bordeaux Ave
  • 7301 Encelia Dr
  • AAI-Steinman Award
  • Accessory Dwelling Units
  • Accursio Lota
  • Activism
  • Activities in La Jolla
  • Advocacy
  • Alessandro Sette

Ranked #3 Best Inn nationwide by Travel + Leisure

Win two nights at Orli and experience La Jolla’s most celebrated boutique hotel.

Your premier La Jolla retreat on the sand

Win a two-night beachfront stay just steps from all the best dining and activities The Shores has to offer.