Rutgers University has announced it will freeze salaries for its 13,000 employees, canceling some pay raises that were to take effect next month.
School officials say the move will save $30 million and offset some of the $46.6 million in state funding cut from its budget for the fiscal year that begins July 1. Without the freeze, Chief Budget Officer Philip Furmanski said in a note to staff Thursday, the university would have to "lay off large numbers."
