Wednesday, May 13, 2015

D.C.'s lagging economy magnifies local universities' revenue shortfalls - Ellie Smith, GW Hatchet

Running a university isn’t cheap, and D.C.’s economy isn’t making it any easier. Three D.C. universities – GW, Howard and Catholic universities – have made significant staff cuts this month as part of university budget reductions. The schools’ issues are just a few examples of a difficult financial climate for universities nationwide, but experts say the District’s economy has dealt its private institutions a particularly bad hand. Howard and Catholic universities cut 84 and 37 staff positions this month, respectively, and GW laid off 46 staffers earlier this month. Catholic and Howard universities declined to comment on what positions they cut and the causes behind their budget issues. http://www.gwhatchet.com/2015/04/27/d-c-s-lagging-economy-magnifies-localizes-universities-revenue-shortfalls/

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