Monday, April 24, 2017

SUNY New Paltz facing $4 million budget deficit - Ariél Zangla, Daily Freeman

SUNY New Paltz is facing a projected $4 million deficit in its current budget, which the college plans to cover with its cash reserves. At the same time, the college has notified about half of its adjunct professors that they may not be invited back to teach in the fall. College spokeswoman Chrissie Williams said “this is a way of helping the institution plan effectively in how we allocate our finite resources.” Michele Halstead, vice president for administration and finance at SUNY New Paltz, said she and college President Donald Christian reported in mid-February that the college faces a projected $4 million budget deficit for the current fiscal year. “The deficit stems from increased expenditure needs, such as the minimum wage increase and other mandates, coupled with no new revenue,” Halstead said in a statement. http://www.dailyfreeman.com/general-news/20170408/suny-new-paltz-facing-4-million-budget-deficit

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