Thursday, July 16, 2020

College releases new budget: find out the costs and cuts - Esther Morales, College of New Jersey

The budget includes a 4 percent decrease in funding, bringing the College’s total to $246 million compared to the prior year of $256 million.... The College also plans to save an estimated $6 million in employment through the implementation of 12 furlough days throughout the year, deferred merit raises on non-unit employees and deferred cost-of-living adjustments. Along with this, both vacant positions being placed on a freeze and reductions in staffing budgets will account for $13 million in employment actions.
http://tcnjsignal.net/2020/07/05/tcnj-budget-college-money-fy21-announcement/