Georgia universities grappling with possible budget cuts

The state's 35 public universities have until today to submit plans to the board of regents on how to reduce each budget for this fiscal year and next by five percent.

The board has asked for the budget reduction plans as the state grapples with shrinking revenues.

In Augusta, the plans could mean Medical College of Georgia would have to reduce this year's budget by $8.5 million.

And Augusta State University would have to reduce it's budget by $1.6 million.

It's unclear if the budgets will actually be reduced by five percent. The university system's chancellor will make recommendations on that this fall.