The University of Arizona president took a voluntary pay cut as the school dealt with financial troubles

University of Arizona President Robert Robbins is expected to take a voluntary pay cut. School looks to rein in its spending amid a financial crisis. School's financial woes have been compounded by a lack of revenue and student debt. School is looking to cut its spending as a result of its financial woes.

CFO resigns, other reforms announced as University of Arizona tackles financial woes. University says it hopes to successfully remedying $240 million budget shortfall. University announces extensive recovery plan in hopes of successfully addressing $240M shortfall. CFO resigned as University's CFO.