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October 1998

UM merger saves $11 million
University of Montana President George Dennison knew that merging the Montana University System would result in savings. But the $11 million he recently reported to the State Board of Regents took even him by surprise.

The savings has come over the four years since the merger of UM with Montana Tech, Western Montana College and the Helena College of Technology.

The savings aren't "all hard cash," Dennison said, "but it is benefits of one kind or another that came along with restructuring."

Efficiencies that translated into savings were in sharing of administrative services and consolidation of revenues and debt service. The biggest savings - about $3.3 million - occurred when all of the campuses bought the same computer system.

UM's merger with Missoula's vocational technical center resulted in about $1.67 million saved.

 

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