Gov. Hobbs Expresses Distrust in U of A Leadership Amid Financial Crisis

Arizona Governor Katie Hobbs criticized the handling of the University of Arizona's financial crisis, expressing a lack of trust in the leadership and process. She called for an independent consultant to address the crisis, raised concerns about conflicts of interest, and demanded a plan from the Arizona Board of Regents by February 9. The crisis involves a budget deficit and a $240 million miscalculation of cash reserves, with the acquisition of UA Global Campus also under scrutiny. Regents Chair Fred DuVal stated that the board will retain outside auditors and announced plans to address the situation on Monday.