Marquette faculty and staff voiced their concerns over potential budget cuts and layoffs as a result of the COVID-19 pandemic in Monday’s virtual University Academic Senate meeting. Provost Kimo Ah Yun said that the university is 424 students short of the budget for the current fiscal cycle — 363 fewer first-years, 24 fewer transfer students and a drop of 37 continuing students. Net revenue of tuition is approximately $23,000, Ah Yun said. By that calculation, the university earned more than $8.3 million less than usual this fall, excluding room and board revenues. The total loss, Ah Yun said, should be calculated by the students’ four years at Marquette, which is why the deficit is expected to carry over for the next three or four years.
https://marquettewire.org/4038625/news/university-to-face-possible-cuts-due-to-budget-shortfalls/
