Alaska Lawmakers Fail to Override Unprecedented University Cuts

(Bloomberg) -- The University of Alaska will consider a rare declaration of financial exigency after lawmakers failed to override Republican Governor Michael Dunleavy’s veto of $130 million in funding for the system.Dunleavy’s veto last month drove a nearly 41% cut in state funding, an unprecedented pullback that the University of Alaska warned could result in layoffs and slashed programs. Credit rating companies Moody’s Investors Service and S&P Global Ratings had warned t