Monday, May 25, 2020

Shawnee State University announces budget reductions - WOWK

The university says plans include a hiring freeze, elimination of all university-sponsored travel, a summer furlough program for administration and staff, restrictions on non-compensation spending, and reorganization efforts to improve efficiencies. In the summer, Shawnee State plans to work with faculty to identify opportunities to reduce instructional costs. Bauer has also requested a 10 percent reduction in his salary as president.

FEATURED OU faculty votes 'no confidence' in OU prez, finance VP - Conor Morris, Athens News

The Ohio University Faculty Senate voted 44-11 Monday night to approve a vote of no confidence in OU President Duane Nellis and VP for Finance Deborah Shaffer. Senators accused them of leading the university to a budget crisis made much worse by the coronavirus pandemic. The vote came around 10 p.m. Monday during a lengthy digital meeting.

Sunday, May 24, 2020

VCU freezes tuition, eyes cost reductions including furloughs to offset COVID-19 losses - C. SUAREZ ROJAS, Richmond Times-Dispatch

Virginia Commonwealth University may furlough employees soon and raise some student fees, but tuition will remain level for most students in the next academic year. As the COVID-19 pandemic leads to shrinking university budgets across the country, VCU President Michael Rao said over a Zoom meeting Friday that he has asked the university’s vice presidents to look for permanent and immediate cost savings.

Indiana State trustees approve 2020-21 budget, caution revenue losses could mean cuts - Sue Loughlin, Tribune-Star

Indiana State University trustees on Friday approved a $185.4 million general fund operating budget for 2020-21, but officials cautioned that any reductions in state revenue or enrollment losses could mean cuts. Next year's budget represents a decrease from the 2019-20 budget, which is $188.9 million. Officials emphasized that 2020-21 budget is subject to change, based on any changes in state funding or enrollment projections. The approved budget is based on information from late February, prior to major campus changes that occurred because of the pandemic.

Saturday, May 23, 2020

UNM facing massive budget shortfall - Patrick Hayes, KOB

The University of New Mexico reports losing about $110 million because of the coronavirus. University officials said $4 million was lost when they had to force students out of their dorms to help prevent the spread of the virus. Another $5 million was reportedly lost due to cancelled events.  The biggest loss was in the university's health system, which is made up of UNM Hospital, HSC Academics, Sandoval Regional Medical Center and UNM Medical Group.

University Furlough Tracker: Missouri, Georgia, West Virginia, Toledo And Idaho State - Michael T. Nietzel, Forbes

This week several more major universities joined the list of institutions that were furloughing employees as one of the cost-cutting measures made necessary by the economic fallout of the coronavirus pandemic. The University of Missouri announced the furloughing of 579 employees, one of several measures to reduce a $17 million shortfall in the budget year that ends June 30. The furloughs come in addition to 49 layoffs, 569 salary reductions, and 217 voluntary salary decreases.

Friday, May 22, 2020

More layoffs expected at Western Michigan University - Jeana Gondek, WKZO

Western Michigan University could be facing more job cuts amid the coronavirus pandemic. Back on April 30th WMU's President Edward Montgomery released a letter announcing 240 employee layoffs and wage reductions to offset their current financial losses. It states that Western has already incurred losses of about $45 million dollars this fiscal year and could see another shortfall of between $45 million to $85 million in the 2020-2021 fiscal year.

Kent State cuts $30 million from budget amid coronavirus pandemic - Krista S. Kano, Beacon Journal

Kent State University finalized more than $30 million in cuts Wednesday to make up for losses associated with the coronavirus pandemic. The cuts will come in the form of salary reductions for nonunion employees, pay freezes for both tenure track and nontenure track faculty, and a voluntary buyout program. The cutbacks will help the university decrease its budget by 20% to make up for a shortfall resulting from a reduction in state support as well as a decline in enrollment.

Thursday, May 21, 2020

Ohio University faculty, staff protest layoffs, budget cuts - Conor Morris, Columbus Dispatch

OU officials announced Friday that 140 university workers in the Local 1699 chapter of the AFSCME union would be laid off as of May 31. Some faculty also have said they’ve already learned their contracts will be cut, but school officials have not yet officially announced layoffs of faculty.

Idaho Sstate U cuts budget by millions, plans for layoffs and furloughs - Emma Innacone, Local News 8

With a grim outlook for the school's budget, Idaho State University President Kevin Satterlee announced plans for deep cuts. On Friday, Satterlee gave an update to the university community via YouTube about the plans to reduce the school's massive debt. He said to expect layoffs and mandatory furloughs. “We hope to be fully operational in the fall, but based on public health guidelines, we will also be planning for the continuation of social distancing,” Satterlee said.

Wednesday, May 20, 2020

Furlough, Job Cut Plan Approved for University System of Georgia - Paul Fain, Inside Higher Ed

The Board of Regents for the University System of Georgia has granted the system authority for a plan to possibly cut jobs or furlough employees. The system said it is working with its 26 colleges and universities to develop a new spending plan for the 2021 fiscal year that would feature a 14 percent reduction from the current fiscal year. Georgia's tax revenues dropped by roughly $1 billion in April. Most faculty and staff members would be required to take either four or eight furlough days under the plan, depending on their salary. Those with the largest base salaries will be required to take 16 furlough days, the equivalent of a 6.2 percent pay cut. The system chancellor and all presidents across the system will take a 10 percent pay cut, which includes 26 furlough days.

Harvard Extends Pay and Benefits to Employees Amid Estimated $415 Million Shortfall - Michelle G. Kurilla, Crimson

Harvard will extend guaranteed pay and benefits to directly employed staff and contract workers through June 28 as it faces a $415 million shortfall this fiscal year, Harvard Executive Vice President Katherine N. Lapp wrote in an email to Harvard faculty and staff Tuesday morning. “We previously announced a financial commitment that we would guarantee pay and benefits through May 28th to our directly employed staff and contract workers, including those who provide dining, custodial, and security services, who are able to work, but experienced the disruption of idle work since the decision to reduce the population living on campus,” Lapp wrote. “Today, I want to share that we have decided to extend that guarantee of pay and benefits to those workers covered under this May 28th policy for an additional month, until June 28th.”

Tuesday, May 19, 2020

COVID-19 Price Tag For California State University: $337 Million, And Rising - ADOLFO GUZMAN-LOPEZ, LAIST

Campus shutdowns, the shift to remote learning, and shrinking revenue from sources like dorm fees and student bookstores has hit the California State University system with $337 million in lost income and new costs, according to the university's first tally of the financial impact of the COVID-19 pandemic. "It is a significant loss in revenue for all 23 campuses," said Mike Uhlenkamp, spokesman for Cal State Chancellor Tim White.

Grayson College anticipates $1.07M budget decrease for 2021 - Herald-Democrat

Grayson College is currently projecting a $1.07 milllion funding decrease for the next fiscal year, following projected decreases in enrollment and state funding amid the COVID-19 pandemic. The update came last week during the monthly board of trustees meeting in which college staff outlined three possible scenarios for next year’s budget. The talks were intended to serve as one of the first steps toward setting the upcoming budget. “These numbers are very early,” GC President Jeremy McMillan said last week. “I don’t want to say it could be worse than the worst case scenario projected here, but I was on a call this morning that one of my colleagues was budgeting a scenario for a 20 percent reduction in state funding.

Monday, May 18, 2020

Ohio to Cut Public College Funding by $110 Million Over 2 Months - Paul Fain, Inside Higher Ed

Mike DeWine, Ohio’s Republican governor, announced that the state will cut its spending by $775 million over the next two months, with a $110 million reduction for the state’s public colleges and universities. Ohio will not draw from its rainy-day fund to cover the deficit, DeWine said. “Simply stated, we are going to need the rainy day fund for next year, and possibly the next,” he said.

UT San Antonio, expecting coronavirus-induced funding downturn, plans for 10 percent revenue drop - Alia Malik, San Antonio Express-News

As the coronavirus pandemic wallops state funding sources and wraps the fall semester in uncertainty, the University of Texas at San Antonio is preparing for an estimated $37 million revenue decrease next fiscal year, a drop of 10 percent compared to previous revenue estimates.

Sunday, May 17, 2020

University of Cincinnati leaders adopt furlough policy as budget cuts - Max Londberg, Cincinnati Enquirer

The University of Cincinnati adopted a furlough policy during an April 28 Board of Trustees meeting, giving President Neville Pinto the authority to implement furloughs should budget deficits arise. The university has not announced any impending furloughs, but the policy gives Pinto several options to implement them. The COVID-19 crisis has hurt enrollment numbers at some universities and led to hiring freezes, non-renewed contracts and pay cuts.

Some students are considering dropping out of college because of coronavirus - Abigail Hess, MSNBC

Because the nature of their education has so drastically changed, some students are suing their universities and asking for their money back, claiming that students have paid for services they’re no longer receiving, such as face-to-face interaction with professors, access to campus facilities and hands-on learning, as well as mandatory fees for activities, athletics and wellness programs that they will not be able to participate in. Other students are deciding if it is financially prudent to temporarily, or permanently, drop out. “I know there’ve been some students that have already withdrawn from next year because they’re worried about not getting the same type of on-campus experience that they wanted,” Jeremy Alder, founder and managing editor of College Consensus, tells CNBC Make It. “And I imagine there’ll [be] a lot more students deferring college to take a gap year, which is not a bad idea in any year, but I think this could definitely tip the scale for students who are trying to decide.”

Saturday, May 16, 2020

Colorado State University bracing for huge budget cuts, President Joyce McConnell says - Kelly Lyell, Fort Collins Coloradoan

Bracing for revenue losses “beyond anything we have ever experienced” because of the coronavirus, Colorado State University President Joyce McConnell outlined a number of cost-cutting measures that are under consideration, including pay cuts, furloughs and a hiring freeze. No decisions have been reached yet, McConnell said in video message and written outline of the university’s COVID-19 recovery plan that was released Wednesday night. And CSU doesn’t yet know whether or not it will be able to resume in-person instruction on campus this fall and if so, how many students and staff will feel comfortable returning.

Western Michigan University laying off 240 employees because of budget shortfall - Andrew Minegar, WWMT

Western Michigan University said they would be laying off 240 employees. Western Michigan University President Edward Montgomery sent a letter April 30, 2020, that said they met with the American Federation of State, County and Municipal Employees union to notify them of the layoff. “We do not know if or when these employees may be recalled to come back to work,” Montgomery said in the letter. “It will depend on the ongoing restrictions that limit the impacted services and our overall budget situation. However, it is unlikely that this portion of our workforce will return to the current level in the near future.”

Friday, May 15, 2020

Faculty cuts, pay reductions considered as UVM tightens budget - Lola Duffort, VT Digger

Part-time faculty could be reduced as part of a series of belt-tightening measures the University of Vermont is considering in the wake of the coronavirus crisis. As with most higher education institutions, the pandemic has dealt a multi-million dollar blow to the school’s budget. The university remains on sound financial footing, according to its leaders, but UVM has had to return millions to students in room and board fees and incur unexpected costs. Students, meanwhile, have sued for additional reimbursements