Monday, December 12, 2016

WSU president says school had $17 million deficit last year - The Associated Press

Washington State University operated at a $17 million deficit last year, and President Kirk Schulz said departments that overspent must develop plans to repay the money so the university can balance its budget. Schulz made the disclosure this week in an email to the WSU community, saying several academic units overspent their budgets by $1 million to $3 million. Much of the spending was invested in research, new faculty hires, and the creation of academic infrastructure. In some cases, deficits were created when the school hired new faculty and staff members knowing that the retirement of other faculty and staff was imminent, he said.

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