This succinct item has been published today by the Dayton Daily News:
Wright State Reserves Shrink from $162M to Estimated $40M by 2018
“Wright State University trustees today approved a plan to raise tuition, cut expenses, reduce staff through attrition and dip into reserves to shore up a budget shortfall created largely by overspending.
“Addressing trustees and several hundred faculty and staff members, university chief financial officer Jeff Ulliman this morning said WSU overspent its budget by $34 million this year.
“’We simply need to adhere to our budget,’ he said.
“Trustees approved the plan he presented, including $27.7 million in budget cuts. The plan includes $8 million in staff attrition over the next two years, and pulling $18.9 million from reserves.
“Trustees raised tuition for graduate and out-of-state students by 3 percent, but are prevented by state law from raising undergraduate tuition for…
View original post 969 more words