Tuesday, November 22, 2016

SUNY New Paltz Faces Budget Deficit - Rachael Purtell, Oracle

SUNY New Paltz is facing an estimated budget deficit of $2 million. According to Vice President for Administration and Finance Michele Halstead, the deficit stems from increased expenditure needs, such as minimum wage increase and lack of new revenue, as SUNY did not raise tuition and there has been no additional state taxpayer support. Another contributing factor is the drop in graduate enrollment in certain programs, such as education, consistent with national trends. Additionally, while the state funds construction of new academic buildings, the campus is responsible for the cost of operating the new building coming online. Halstead said that long-term solutions for the deficit must be developed. http://oracle.newpaltz.edu/suny-new-paltz-faces-budget-deficit/

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