USF is facing a budget cut of around 20 percent. That could affect everything from summer school to the operation of the new pharmacy college.
Senate budget chief JD Alexander is says USF should dip into its reserve fund to offset the cuts. But USF Board of Trustees Chairman John Ramil says the university can't do that.
It's mandated to set aside a percentage of its budget - and it has to keep cash on hand for an emergency, such as a hurricane.