EIU Says Cost-Cutting Measures Sliced Deficit To $1 Million
EIU President David Glassman, who gave his State of the University address on Monday, says layoffs and furloughs have helped the school cut its budget deficit from $13 million to $1 million.
In the Mattoon Journal-Gazette and (Charleston) Times-Courier report, he said cost-cutting isn't over but any additional layoffs would be small.
EIU doesn't have a state appropriation because GOP Gov. Bruce Rauner and Democratic leaders in the Illinois Legislature haven't settled on a state budget for the current fiscal year.
Glassman also cut intercollegiate athletics' funding by 20 percent, or $320,000, which athletic director Tom Michael said will have an impact but is necessary.
Glassman says EIU earned about $500,000 from enrollment increases and will receive another $400,000 by charging card holders credit card fees for tuition payments.
Links
- Budget Woes Force Layoffs, Furloughs at EIU
- Bradley Provost Selected To Lead EIU
- EIU Extends Tuition Waiver Program Through 2019
- EIU Hires U Of I’s Michael As Athletic Director
- EIU Seeking $6 Million In Cuts
- EIU’s President To Retire In 2015
- EIU Turns To Crowd-Sourcing To Help Fund Autism Center
- EIU Hires New Football Coach
- EIU Aims To Cut Spending By 6.7 Percent
- EIU Enrollment Down But Freshman On The Rise