In June 2019, Ohio University’s board of trustees was presented with a long-term budget projection that had a gloomy start but a happy ending. It showed that the university would burn through nearly $66 million in reserves over the next four years to cover deficits largely caused by declining enrollment. But this would be followed by a modest recovery. Four months later, the board was presented with a revised forecast: There would be no recovery in the next six years and the university would need to draw more than $129 million from reserves to cover the deficits.
https://woub.org/2020/11/12/ohio-university-leaders-struggled-to-forecast-depth-of-budget-crisis/
