Sunday, May 24, 2015

Illinois Wesleyan's enrollment drop leads to budget shortfall - LENORE SOBOTA, Lee News Service

Illinois Wesleyan University administrators will be spending the summer looking for ways to fill a $1.5 million revenue gap in a $100 million budget resulting from a smaller-than-expected incoming class for the upcoming fall semester. President Dick Wilson said Friday about half of the gap will be made up from reserves in various accounts. The rest will come from a “tax” on the operating budgets of each campus unit, essentially a 1½ percent cut in each unit. No job cuts are planned, he said.

No comments:

Post a Comment