Tuesday, September 29, 2020

WVU currently facing budget shortfall of $10 million to $15 million because of COVID-19 - Suzanne Elliott, The Dominion Post

 West Virginia University is facing a budget shortfall between $10 million to $15 million for 2021 because of COVID-19, President Gordon Gee told The Dominion Post Monday. “But, I do not anticipate any layoffs or cutting salaries,” Gee said. “We’re managing the numbers as carefully as possible.” Belt-tightening measures, such as salary reductions or financial donations from senior administrators and cut back traveling.

https://www.dominionpost.com/2020/09/15/wvu-currently-facing-budget-shortfall-of-10-million-to-15-million-because-of-covid-19/

COVID-19 accelerates declining enrollment at Coppin State despite hybrid return to campus - BEN LEONARD BALTIMORE SUN

Coppin State’s drop in enrollment was the most among the 10 University System of Maryland schools that provided enrollment figures to The Baltimore Sun in time for publication. Seven of the 10 schools also experienced a decline in enrollment, attributed to the pandemic. Representatives from Bowie State University and the University of Maryland, College Park said they still were compiling enrollment data. 

https://www.baltimoresun.com/coronavirus/bs-md-coppin-state-enrollment-hybrid-coronavirus-20200915-kulidmzpuzc25bruu3x3wohmva-story.html

Monday, September 28, 2020

A look at trends in college consolidation since 2016 - Education Dive

Updated Sept. 11, 2020  The last few years have been tumultuous for many U.S. colleges. Pressure to lower tuition, stagnating state funding and a shrinking pool of high school graduates has strained many institutions’ bottom lines and questioned their long-term viability. Those pressures have caused some to close. For many still in operation, the coronavirus pandemic and its economic impact is adding a host of uncertainties to already tight operations. In doing that, we also revised our list to omit certain consolidation activity among public institutions in which their footprints remained largely the same. Prior to this update, we removed for-profit colleges from our list; this was due to their differences in scale from private nonprofit and public institutions as well as the sometimes fragmented nature of their closings.

https://www.educationdive.com/news/how-many-colleges-and-universities-have-closed-since-2016/539379/

Colleges scrap spring break to limit coronavirus spread - Hallie Busta, Education Dive

As colleges look ahead to the spring term, several are announcing they intend to cancel spring break.  The decisions continue a trend of institutions adjusting their academic calendars to reduce travel to and from campus. 

And they come as schools offer more details on campus operations and instructional modes for the spring term. 

https://www.educationdive.com/news/colleges-scrap-spring-break-to-limit-coronavirus-spread/585275/

Sunday, September 27, 2020

Undergraduate enrollment falls a quarter as officials finalize ‘second phase’ of cuts = Zach Schonfeld, GW Hatchet

 Officials said undergraduate enrollment fell nearly 25 percent this year based on preliminary estimates, requiring a “second phase” of budget cuts in the coming weeks. University President Thomas LeBlanc said at a Faculty Senate meeting Friday about 9,100 undergraduate students are enrolled this fall, which fell short of officials’ target by roughly 1,000 students. The loss in tuition revenue from decreased enrollment is largely driving GW’s budget shortfall, which is now estimated to be $180 million on an annualized basis, LeBlanc said.

https://www.gwhatchet.com/2020/09/13/undergraduate-enrollment-falls-a-quarter-as-officials-finalize-second-phase-of-cuts/

UGA expecting to have $55 million budget deficit in 2021 - Brent Wilson, SI

To nobody's surprise, college athletic programs are expecting a deficit in their athletic budgets next year. Georgia AD Greg McGarity detailed in a board meeting that he is expecting the Bulldogs to have a "budget shortfall of $55 million for the 2021 fiscal year". This is a result of the Bulldogs' limited seating policy. With Georgia only allowing 20%-25% of its normal attendance, many season ticket holders were only offered tickets to one home game for the 2020 season. UGA did offer season ticket holders a refund of their donation if they did not want to opt for their tickets, directly causing the budget shortfall.

https://www.si.com/college/georgia/news/uga-athletic-budget-deficit-2021

Saturday, September 26, 2020

Regents approve discontinuation of four UAA athletics teams, address budget challenges - Stories in the News (Ketchikan Alaska)

During its full board meeting Sept. 10, the University of Alaska Board of Regents agreed to maintain men’s and women’s nordic (cross-country skiing) programs based on a revised recommendation from UAA Chancellor Cathy Sandeen. The regents approved the elimination of men’s hockey, women’s gymnastics, and men’s and women’s downhill (Alpine) skiing at UAA with the caveat that the board will consider reestablishing the teams if supporters raise enough private money by February 2021. This decision reduces UAA athletics to 11 sports teams. The recommendation is expected to save UAA approximately $2.2 million in FY22.

http://www.sitnews.us/0920News/091220/091220_uaa_board_regents.html

Here’s hoping the lockdown won’t take out college athletics - ROGER RUVOLO, Press - Enterprise

First reaction to the idea of eliminating intercollegiate athletics at UC Riverside is shock. This just has to be a bad idea, right? But if only as an exercise in considering sound public policy, give this one a second thought … The notion isn’t without precedent but many Division I universities (UCR has been in the top division for about 20 years) aren’t talking about elimination. The University of Utah, for example, is furloughing all athletic department employees through year’s end. This includes millionaire football and basketball coaches. The school says it’s hemorrhaged tens of millions of dollars via the 2020 lockdown and must act now to stanch the flow. 

https://www.pe.com/2020/09/12/heres-hoping-the-lockdown-wont-take-out-college-athletics/

Friday, September 25, 2020

Regents discuss eliminating four Gopher sports to recover budget - Hana Ikramuddin and Abbey Machtig, Minnesota Daily

 The board discussed eliminating four sports to help recover budget shortfalls and maintain compliance with Title IX regulations within the athletics department. Men’s gymnastics, indoor and outdoor track and field, and tennis may be eliminated following the end of their competitive seasons. Fifty-eight student-athletes would be impacted. “We recognize and deeply respect the disappointment among Gopher Athletics and beyond as a result of these recommendations,” University President Joan Gabel said. “It’s very painful.”

https://mndaily.com/262156/news/regents-discuss-eliminating-four-gopher-sports-to-recover-budget-discuss-university-finances-at-september-meeting/

Unions: UMass threatening layoffs if no deal reached - JACQUELYN VOGHEL, Gazette Net

Two University of Massachusetts unions are filing labor violation charges against UMass, alleging that the university is threatening its members with 300 layoff notices if the union does not agree to the university’s most recent proposal aimed at dealing with a big budget gap caused by the COVID-19 pandemic. The Professional Staff Union (PSU) and University Staff Association (USA) filed the charges Wednesday, also alleging that the university did not provide relevant and necessary data and went back on an earlier proposal.

https://www.gazettenet.com/UMassCharges-hg-091120-36180838

Thursday, September 24, 2020

Pandemic Could Create $300 Million Budget Hole for UNC - Associated Press

 Officials at the University of North Carolina say the school may need to implement furloughs to manage a deficit that could reach $300 million due to the coronavirus pandemic. In a faculty council meeting Friday, interim vice chancellor for finance Nate Knuffman said the potential $300 million deficit for the fiscal year would amount to about 8 percent of all university revenues.

https://spectrumlocalnews.com/nc/triangle-sandhills/news/2020/09/12/pandemic-could-create--300-million-budget-hole-for-unc

Inside LSU's $56.4M budget shortfall: No money for pay raises, how officials will make up gap - MARK BALLARD, the Advocate

After several years of flat or increased budgets, LSU is looking at starting next year with $56.4 million less money. The LSU Board of Supervisors without discussion approved Friday a $1.06 billion spending plan of unrestricted funds – a 5% reduction from this year’s $1.12 billion. The budget covers LSU’s colleges in Alexandria, Baton Rouge, Eunice, and Shreveport as well as the medicals schools and Pennington Biomedical Research Center.

https://www.theadvocate.com/baton_rouge/news/education/article_6df3cf30-f47c-11ea-80b2-03452b7aaf86.html

Wednesday, September 23, 2020

A ‘$33 million problem.’ University of Kentucky officials anticipate more budget woes - RICK CHILDRESS, Lexington Herald-Ledger

 Lower-than-expected tuition revenue plus a possible mid-year reduction in state funds could lead to a more dire financial picture for the University of Kentucky in the months ahead, officials said Friday. “We have a $33 million problem,” said Eric Monday, the executive vice president for finance and administration during one of the university’s board of trustees committee meetings.

https://www.kentucky.com/news/local/education/article245653590.html

University of Maryland, Baltimore County, Towson University officials to take pay cuts; UMBC announces hiring freeze - TAYLOR DEVILLE, Baltimore Sun

Baltimore-area colleges are instituting pay cuts for high-earning employees and initiating hiring freezes following a warning from the University System of Maryland this week that employees of the school system’s 12 institutions would have to “share in the pain" of coronavirus-related budget woes. Facing a $65 million budget shortfall amid the pandemic, the University of Maryland, Baltimore County has put in place a hiring freeze and a temporary pay cut for staff and faculty with salaries of $100,000 or greater.

https://www.baltimoresun.com/maryland/baltimore-county/catonsville/cng-co-ca-at-umbc-hiring-freeze-20200911-urofgxahfrd3rhyznudc2zhcoa-story.html 

Tuesday, September 22, 2020

AU estimates budget loss of up to $116 million for 2021 fiscal year - Sophie Austin, THE EAGLE

American University is projecting a potential budget loss between $104 million and $116 million for the 2021 fiscal year, resulting from the coronavirus pandemic, according to Matthew Bennett, AU’s vice president and chief communications officer.  In an email to The Eagle on Thursday, Bennett said that some of the major causes of the shortfall include lower enrollment, a 10 percent tuition discount, and the loss of revenue from housing and dining, as the fall semester is essentially entirely online.

https://www.theeagleonline.com/article/2020/09/au-estimates-budget-loss-of-up-to-116-million-for-2021-fiscal-year

$875,000 in college budget cuts to follow emergency declaration - Rocket Miner

 The Western Wyoming Community College Board of Trustees approved a declaration of financial emergency during a virtual meeting on Thursday night, which could lead to up to $1.81 million in cuts -- including programs and positions -- in the current school year. Prior to the board passing the declaration, multiple students, teachers, alumni and stakeholders from the community encouraged the board to make sure the reductions were fair, thoughtful and considerate. At one point, 133 people were in attendance at the virtual meeting, which Board President Regina Clark said may not have fit in their normal meeting room.   

https://www.rocketminer.com/news/local/875-000-in-college-budget-cuts-to-follow-emergency-declaration/article_95dd8954-ec9f-51ce-ac78-70aa4b5c0266.html

Monday, September 21, 2020

UConn, UConn Health request over $100 million from state to mitigate losses GOOD GOVERNMENTPENSIONS - MARC E. FITCH, Yankee Institute

The University of Connecticut and UConn Health Center is asking the state of Connecticut for a combined $102.7 million to help mitigate their losses stemming from the COVID-19 pandemic, according to figures presented to the state Appropriations Committee on August 28. The requests are due to losses from fiscal year 2020 and projected losses for fiscal year 2021.
https://yankeeinstitute.org/2020/09/08/uconn-uconn-health-request-over-100-million-from-state-to-mitigate-losses/

The Tuition Dilemma: students, universities grapple with budget cuts, increased tuition - Arushi Gupta, Badger Herald

With students moving out of dorms in March, the Big Ten sports season being cancelled, and large cuts in future state funding, the University of Wisconsin is grappling with the enormous, looming loss of hundreds of millions of dollars.  It therefore might be understandable why UW would continue to charge students the same tuition as it normally does for the fall semester. UW student Annabelle Stimmel, however, raises an important question — is it just for universities to continue to charge students the same tuition in the middle of a global pandemic?
https://badgerherald.com/features/2020/09/08/the-tuition-dilemma-students-universities-grapple-with-budget-cuts-increased-tuition/

Sunday, September 20, 2020

As WSU confronts COVID-19 budget, it offers early retirement to some faculty, staff - MEGAN STRINGER, Wichita Eagle

Eligible employees at Wichita State University can take an early retirement offer as university leaders seek to save money during the coronavirus pandemic. The university announced the program, dubbed the 2020 Voluntary Separation Incentive Program for Retirement, on Friday. If approved for the offer, the employees would retire from WSU on Dec. 26.
https://www.kansas.com/news/local/education/article245561995.html

Budget cuts during pandemic common among universities across the country, experts say - Amy LIu, GW Hatchet

All of GW’s 12 peer institutions are implementing budget cuts ranging from furloughing employees to delaying the implementation of certain projects and instituting hiring freezes. Officials eliminated roughly 60 positions of event staff across various University departments, at least dozens of staff across the University’s technology offices and at least 70 employees in facilities and the Career Center the past few weeks. Seven of GW’s peer schools have instituted layoffs in various departments, while others are putting it off for now.
https://www.gwhatchet.com/2020/09/08/budget-cuts-during-pandemic-common-among-universities-across-the-country-experts-say/

Saturday, September 19, 2020

A look at UR’s COVID-19 budget cuts - Micah Greenberg and Wil Aiken, Campus Teims

The University of Rochester quickly implemented a robust regimen of cost-cutting measures at both the University and AS&E levels.Some staff members were furloughed over the summer. Capital spending, especially renovations to buildings and new construction, was put on hold. A hiring freeze was implemented, with any essential new hires needing approval from Senior Leadership, as well as a progressive retirement benefits cut, which was indexed to salary. Overall, the Senior Leadership and the President’s Cabinet took an 18% salary reduction.