Monday, June 26, 2017

UofL implements hiring freeze, citing projected $6 million revenue shortfall next year - JOE SONKA , Insider Louisville

The University of Louisville’s provost sent an email to faculty and staff on Wednesday announcing an immediate hiring freeze that will last until at least Oct. 1, citing an expected revenue shortfall of $6 million in the next academic year due to projected enrollment falling below their goal. Earlier this year, university leadership announced their intention to make up for a projected $48 million shortfall in the 2017-2018 budget by implementing a salary freeze and a hiring “frost” — in which no more than 25 percent of vacancies would be filled. However, Wednesday’s announcement by provost Dale Billingsley indicated that lower-than-expected enrollment projections — bringing in $6 million less in revenue — would turn that frost into a full freeze. https://insiderlouisville.com/metro/uofl-implements-immediate-hiring-freeze-citing-projected-6-million-shortfall-in-revenue-next-year/

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