underfund
🇺🇸
/ˌʌndə'fʌnd/
🇬🇧
/ˌʌndə'fʌnd/
Not give enough money for something.
The government decided to underfund the arts program, which led to its closure.
Give less money than needed for something to work well.
The school was underfunded, so they had to cut back on extracurricular activities.