Lawmakers spared most state agencies, including higher education, when they compensated for a $138 million tax revenue shortfall May 22.

Draining the remaining $68 million from the state’s rainy day fund, while borrowing another $70 million, lawmakers balanced the budget for the second time in less than four months.

In March, lawmakers hacked $250 million from the budget which cut the U’s budget by $11 million.

“What the lawmakers did [last] Wednesday was very responsible. There is no way we could have absorbed another cut. The school year was already over,” said Dave Pershing, senior vice president for academic affairs.

U officials still worry about what will happen when the state Legislature meets in June to balance next year’s budget. U administrators said in a previous interview the cuts will be spread out among selected departments. At the same time administrators have said students will likely face mid-year tuition increases on top of a 9.3 percent increase approved this spring.