The University of Oregon shared mixed financial news during Board of Trustees meetings this week.

UO reported that its revenue grew faster than its expenses last fiscal year, but was still running behind over a four-year span. The school is now anticipating a $2 million budget shortfall this fiscal year.

University President Karl Scholz told trustees Wednesday that UO is facing a difficult and unpredictable landscape moving forward.

“Formerly solid out-of-state recruitment pipelines are being upended by increased competition,” said Scholz. “A lot of my positivity about the future is predicated on our ability to recruit students and solidify budgets.”

UO Budget, Finances and Data Analytics Vice President Brian Fox said Tuesday that there is good news: the school’s newest cohort of stude

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