Friday, December 2, 2016

Wright State over-spend could top $41M, depleting reserves - Tristan Navera, Dayton Business Journal

Wright State University projects it could spend $41 million more than it takes in this year, which could bring its reserves as perilously low as $25 million at the end of the fiscal year. The school's board of trustees got an update on its financial situation Friday as the school enacts its two-year budget remediation process to cut spending and re-build the school's reserves. While the school's spending this year is still subject to several big variables, the trustees said they have to push drastic changes in the coming years to re-build the reserves and reduce over-spending.

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