Friday, February 24, 2017

Central Michigan University's budget deficit now estimated at $14 million - Evan Sasiela, Central Michigan Life

Central Michigan University is facing a $14 million budget shortfall, according to new projections on its reported deficit. University President George Ross announced the revised budget deficit numbers on Thursday at the Board of Trustees formal meeting in the President's Conference Room at the Bovee University Center. Ross said efforts to make budget and based-budget cuts are "real and difficult." Vice President of Finance and Administrative Services Barrie Wilkes said CMU will fix the deficit through a variety of means. In the finance division, a number of positions will remain vacant to generate what Wilkes calls "salary savings." Reserves will be used to cover the shortfall this fiscal year, ending June 30. For July 1, departments across campus will need to make "base-budget reductions," he said. Wilkes said cuts will vary by college and program area. http://www.cm-life.com/article/2017/02/bot-feb-2017

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