(AP) — University of Nebraska-Lincoln may cut its pool of money for raises next budget year to help cover a projected shortfall of $4.65 million.

Chancellor Harvey Perlman on Monday released a list of proposed cuts that total about 1 percent of the university budget. Included was $3.2 million from the salary pool, which represents 1 percentage point of what was expected to be a 3 percent increase.

The proposed cuts will go before the Academic Planning Committee for review by faculty members, staff, students and other campus groups.