University of North Texas officials disclosed a widening fiscal shortfall for fiscal 2026, estimating a structural budget gap of roughly $45 million driven by a $32 million drop in state funding and steeper-than-expected declines in international graduate enrollment. President Harrison Keller warned the campus that addressing the gap will "inevitably require hard choices" and that impacts will be felt across the university. UNT’s board materials show revenue shortfalls tied to nonresident graduate enrollment and larger-than-expected tuition and fee declines, even as the system had budgeted previously for enrollment dips. Administrators said they will share decisions as they are finalized, but the announcement underscores continuing financial pressure on regional public universities reliant on state appropriations and international student tuition.