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As New Semester Nears, 3 More Colleges Announce Major Budget Cuts

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As the fall semester approaches, several universities are grappling with severe financial deficits, leading to significant budget cuts and potential layoffs:

  • University of New Orleans: Facing a $15 million deficit due to long-term enrollment declines, the university plans to cut up to 15% from its budget, including eliminating over 70 positions and reducing its athletics department by 25%. The closure of an academic building and salary reductions for administrators are also part of the plan.
  • Western Illinois University: With a nearly $10 million budget shortfall, the university will need to lay off additional faculty and staff. An emergency Board of Trustees meeting is scheduled to discuss the exact number of positions to be cut. Faculty members have criticized the plan, arguing that it will harm educational quality and the university’s reputation.
  • Wittenberg University: The university aims to reduce its budget by $7 million over three years, with $3 million in staff and $4 million in faculty cuts. The plan is intended to make the institution more affordable and financially stable while preserving its core values.

https://www.forbes.com/sites/michaeltnietzel/2024/07/28/as-new-semester-nears-three-more-colleges-announce-major-budget-cuts

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