Monday, July 20, 2015

University of Akron to slice budget by $40M, cut 215 jobs - TIMOTHY MAGAW, Crains Cleveland

The University of Akron announced a sweeping $40 million budget cut — a move that includes the elimination of 215 non-faculty positions and the dissolution of the university’s baseball program. In a prepared statement, University of Akron president Scott Scarborough said the university is facing a $60 million “financial problem,” and the administration has pieced together a three-year plan to solve that looming shortfall. In addition to the $40 million in cuts, the university expects it will raise $10 million through increased graduate tuition and undergraduate fees. The remaining $10 million will made up with “profitable enrollment growth” through the third year of the plan.

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