Friday, March 24, 2017

'Layoffs likely' as CMU grapples with $20 million budget shortfall - Heather Jordan, MLive

A $20 million budget shortfall means layoffs are likely at Central Michigan University, according to university officials. University officials are reviewing plans to address the 2017-18 budget deficit, which is expected to go beyond this year's $14 million shortfall, according to a CMU news release. "Current-year gaps of $9.2 million in the service centers and $4.8 million in the colleges will be covered in part by one-time funds. Early projections for fiscal year 2017-18 point to a deficit that could be as much as an additional $6 million higher -- totaling up to $20 million," the release states. Barrie Wilkes, vice president for finance and administrative services, says "that, unfortunately, means base-budget cuts." http://www.mlive.com/news/saginaw/index.ssf/2017/03/layoffs_likely_as_central_mich.html

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