UW-Green Bay officials were informed earlier this week that the anticipated revenue loss of as much as $4.6 million in state support to the campus would likely be closer to $3 million. The projection shifted when the Joint Finance Committee voted to dial back the overall UW System cuts from $300 million to $250 million over the two years, the UWS Administration devised a formula to target that relief rather than divide it on a straight proportional basis, and the System agreed, as did the Regents at Thursday’s meeting, to one-time payments from central reserves to help individual campuses phase in some reductions. UW-Green Bay Chancellor Gary L. Miller has said he intends to distribute an update to faculty and staff in the near future. He will outline the overall impact of Thursday’s vote by the Regents, and also begin to share those aspects of UW-Green Bay’s strategy for handling the cuts that are most likely to be implemented in the near term. University officials told Green Bay area media this week that, with a total of 29 employees having committed to the Voluntary Separation Incentive Program, along with other cost-saving measures, they are optimistic the institution will be able to avoid any involuntary layoffs.