University of Florida President Bernie Machen announced Monday that the university will be cutting their budget by 47 million dollars in the upcoming fiscal year. The cuts come after the state legislature announced their finalized budget on Friday, and are in addition to the 22 million dollars in budget cuts the university had already announced back in October.

430 positions will be eliminated, including 20 faculty positions, 118 staff positions, and hundreds more that are either currently vacant or will be funded by other sources of revenue.

Machen also announced that the university will be cutting research funding, will be eliminating some degrees and courses, and administrators plan to reduce the undergraduate enrollement by 4,000 students in the next four years.