The Connecticut State Colleges and Universities system (CSCU) is facing a $140 million budget shortfall next fiscal year. Leaders within the university system presented a deficit mitigation plan to the Board of Regents Wednesday. Stakeholders, staff and students have waited months to learn more about the budget shortfall and the potential impact it may have on campuses across the state. They’ve been concerned about closures, tuition hikes and cuts to crucial academic programs. CSCU leaders said personnel cuts would cost more than $35 million without layoffs. They say this is due to the state losing its access to additional state funding, such as pandemic relief funds.
