PSUC RELIES ON ENROLLMENT IN CLOSING BUDGET DEFICIT - KODY MASHTARE, Cardinal Points

In the midst of an $8.4 million structural budget deficit, Plattsburgh State’s Business Affairs division has revised its five-year financial stability plan released last September. The plan — which calls for $4.6 million in permanent salary reductions over the next five years — projects a $4.2 million structural budget deficit for the college in fiscal year 2021/2022, more than double the $2 million deficit projected by the original plan. “There’s still a big nut to crack at the end of 2021/2022” Vice President of Administration and Finance Josee Larochelle said. http://cardinalpointsonline.com/psuc-relies-on-enrollment-in-closing-budget-deficit/