U of L interim president says big cuts are needed to balance budget; Bridgeman quits board - Chris Larson, Louisville Business Journal

The University of Louisville is going to need to reduce its spending for the next academic year. The university has a $48 million gap between its expected revenues and expenses, Dr. Greg Postel said in his first address as interim president to the school's board of trustees. In a meeting with local media earlier this week, Postel guaranteed that the university would have a balanced budget despite the university not raising tuition for the 2017-18 academic year. That was just one news item to come out of Thursday's U of L board of trustees meeting. Here are the key takeaways for the university moving forward: http://www.bizjournals.com/louisville/news/2017/02/16/u-of-l-interim-president-says-big-cuts-are-needed.html