LITTLE ROCK — Gov. Asa Hutchinson is releasing $500,000 in state discretionary funds to the Arkansas State University System to help fund its Accelerate ASU efficiency study that is under way.

System President Chuck Welch said ASU contracted with Huron Consulting Group in fall 2017 to explore ways to grow revenue, reduce costs and reallocate resources to strategic initiatives. Huron expects to present 40-50 opportunities to the system and its campuses with a majority focused on new revenues.

“President Welch has caught the vision that trimming unnecessary costs does not mean a reduction in services,” Governor Hutchinson said. “That is clear because he is helping to pay for this study with money he has saved by reducing expenses. His team estimates that as the ASU System implements initiatives, the payback in savings could be $12 million to $15 million a year. President Welch is one of many in our state who is leading by example.”     MORE