The university’s board of trustees will consider the proposal at a newly scheduled special board meeting Tuesday, April 9. As Signal Cleveland recently reported, Cleveland State President Laura Bloomberg told faculty about the buyout proposal earlier this week. Bloomberg said she plans to ask the board for $9 million to pay for those buyouts. That money would come from a one-time draw from the institution’s reserves, she said at a faculty senate meeting Wednesday, April 3. The university is dealing with a projected $40 million budget gap. Implementing these voluntary separation incentive programs, she said, will help save more money over time.
