Sunday, May 1, 2016

Butler battles $10 million deficit - Katie Goodrich, Butler Collegian

Next year, the university will take another “strategic loss” of $2-3 million, according to an April 4 email from Bruce Arick, vice president for finance and administration. The largest class in Butler’s history is graduating, and they are taking their tuition money with them. Lower-than-expected enrollment numbers also hurt the operating budget, which relies largely on undergraduate tuition. The announcement of the financial situation prompted Faculty Senator Bill Watts to draft a resolution that passed unanimously calling for transparency and discussion from the administration. “I was surprised the number was so large,” he said. “I have felt over the years that our forecasting was pretty good, so to be off like this, it was a bit of a shock.”

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