The University of North Texas has made significant progress in reducing its budget deficit. Initially, the deficit stood at $45 million. The university president recently announced that cost-cutting measures have been effective in slashing the deficit.

As a result, the budget deficit has decreased to less than $19 million. Further details about the university's financial situation and the measures taken to reduce the deficit can be found in the latest report from the Board of Regents meeting, as presented by the university president.