Eh, maybe. Part of me thinks this is making a spectacle out of having to tighten up the finances.
I’m reminded of when I was in school many years ago at a state university. The state called for a 2% budget cut. Or in other words, going back to what the budget was a year or two prior. The administration went on and on about how there was absolutely no fat to cut and started making loud public statements about how they would “need” to do ridiculous things like cut the number of offered sections for undergrad mathematics courses by 15%, eliminate the music department, etc. They whipped the students into a frenzy and the whole thing culminated with a protest march down to the capitol building, and the state relented.