Webster University projects $12.2 million budget shortfall, immediate budget cuts expected - Megan Favignano, Webster Journal

Webster University is projecting a $12.2 million budget shortfall below its revenue goal for the year. Budget reductions will start immediately, according to an email President Elizabeth Stroble and Provost Julian Schuster sent university employees on Jan. 18.In August, Greg Gunderson, vice president and chief financial officer, told The Journal that budget adjustments were possible if the university didn’t make its revenue projections. “If we are unable to achieve the revenue numbers that we anticipated, then we as an institution will examine ways to manage within our budget to deliver the numbers we’ve committed to,” Gunderson said in August 2012. http://websterjournal.com/2013/01/18/webster-university-projects-revenue-12-2-million-below-its-goal-immediate-budget-cuts-expected/