It's important to note that this isn't a budget issue. The CS dept was cut by $1.7M, but the athletic department had their funding raised by $2M (total athletic budget is $99M).
http://www.forbes.com/sites/stevensalzberg/2012/04/22/univer...
Interestingly, the state government seems very supportive of STEM and has thrown $49M at the creation of Florida Polytechnic University. It seems it's merely the university administration that wants to cut it.
http://www.palmbeachpost.com/news/state/scott-approves-state...