LINCOLN — The University of Nebraska-Lincoln is facing a significant financial challenge, with Chancellor Rodney Bennett announcing a proposed $27.5 million budget reduction plan.

The cuts are designed to address what Bennett described as a structural budget deficit that has developed over time due to multiple financial pressures facing the institution.

"There's absolutely no question that the University of Nebraska Lincoln provides a significant return on investment for our students and for the state of Nebraska," Bennett said. "Even so, UNL has been faced with declining revenues in several key areas, including reduced net tuition revenue, changes in state appropriations and campus allocation models, and sharply rising costs for healthcare, property and liability insurance, and utilitie

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