Monday, February 2, 2015

Loyola University (New Orleans) University develops long-term budget plan - Marie Simoneaux, Maroon

After a year and a half of increased marketing, budget cuts, voluntary severances and decreased retirement contributions, Loyola has closed its budget deficit by $5.8 million. In the fall of 2014, Loyola announced that the university had a $7 million deficit, mostly due to declining enrollment numbers. However, Jay Calamia, vice president of finance and administration, said that the deficit has decreased to $1.2 million. Calamia said this is where the university expected to be at this time.

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