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US Skiing is "facing major budget cuts," already cutting $1.2M and looking to cut another $1.3M from its $12.4M annual budget. Officials cite fundraising competition from the '96 summer games and "belt tightening from major corporate contributors" as reasons. US Skiing CEO Mike Jacki their "break- even point" will be down to about $9.8M: "We are scaling back and down sizing to be commensurate with income. We are going through budget cuts, trying to be creative and find better ways to spend money" (Craig Hansell, SALT LAKE TRIBUNE, 9/30).