Trustees set to approve major budget cuts for UF

On Thursday afternoon the finance committee of UF's Board of Trustees approved a plan to authorize a minimum of 38 Million in budget cuts for the 2012-2013 fiscal year.  Trustees later heard from "Save UF! Spend the Reserves" advocates, but explained they were leery of tapping reserves in the face of such a large cut in state funding.  The motion goes before the full Board on Friday.  At the same time, UF is counting on Board of Governors approval of another 15% tuition hike, and the administration has warned further cuts may be necessary if the tuition hike is not approved.  WUFT-TV's Catherine Awasthi reports.