The Gainesville Chapter of Students for a Democratic Society has finalized a proposal calling for a stop to budget cuts and outlining possible solutions for balancing UF's budget.
The proposal asks administrators to repeal the 15-percent tuition hike passed in June, to not implement any further hikes and to denounce budget cuts imposed by the state Legislature.
The organization also proposed three possible solutions to close the financial gap that would be created by repealing the tuition hike.
First, SDS called for UF administrators to dig into the university's $1.2-billion endowment, which exists in case of financial emergencies.
"Unfortunately, we're in a financial emergency," said SDS member Robbey Hayes, a 20-year-old anthropology junior. "We feel like this is the time for the administration to tap into that endowment."
The proposal also said the university can adopt a "chop from the top" attitude, banning bonuses for administrators until the budget is balanced and tuition hikes are stopped.
ISDS said if students must tighten their financial belts, the university must also refrain from wasteful spending.
The proposal specifically cited the $35,000 UF spent on statues displayed on campus from June to October.