The global recession continues to create new realities for students, institutions, and faculty members engaged in higher education. This blog chronicles those changes for academic / historical record purposes. Click on the URL at the end of each posting to view the complete news report.
Monday, August 5, 2019
TNCC looks to layoffs after budget missteps lead to $1.7 million shortfall - Matt Jones, Daily Press
A series of budget and financial errors, including an improper $250,000 loan, left Thomas Nelson Community College short $1.7 million at the end of the past fiscal year in June. TNCC expects to lay off employees across all categories and restructure programs in the coming months to help bring its finances back in line. President John Dever announced the layoffs and detailed the college’s financial position in a campus-wide email Monday. The college’s financial position has been shaky for several years, prompting layoffs in 2017 and the college to outsource housekeeping at its Hampton campus earlier this year. The school has never faced a shortfall this severe in his tenure.