Sunday, January 14, 2024

Connecticut Budget Deficit Prompts Buyout Offer, Tuition Increase - Jessica Blake, Inside Higher Ed

The Connecticut State Colleges and Universities system is offering employee buyouts and raising tuition in response to a $140 million budget deficit, CT Insider reported. About 550 employees who are age 60 or older and have worked for the state for at least 10 years will be eligible for the buyouts, according to a Board of Regents report. If half of those eligible accept and no positions are refilled, the system will save $45.9 million. The buyout plan is pending union approval. According to the CT Mirror, representatives of the Connecticut State chapter of the American Association of University Professors have expressed concerns about the offer, fearing that students would be harmed.