College administration eyeing $12 million deficit - Jimmy McCarthy, Observer

A new budget cycle begins July 1 for the State University of New York at Fredonia, which shows a $12-million difference between expenses and revenues for the 2018-19 operating year. Projected expenses for the 2018-19 fiscal year are at $58.6 million while state support and tuition, the two main sources of revenue, are projected to be around $46.1 million. President Virginia Horvath and her cabinet are working to minimize the deficit within the budget through $3.6 million in cuts to various divisions at the university. Since 2007, the college has possessed a gap between revenues and expenses within its operating budget. http://www.observertoday.com/news/page-one/2018/05/college-administration-eyeing-12-million-deficit/