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Tag: Deficit
COVID-19
U of Minnesota Might Borrow $82M to Cover COVID-19 Budget Deficit
Projecting a $166 million budget deficit brought on by COVID-19, The University of Minnesota might borrow as much as $82 million to cover lost athletic and housing revenue, reports the Minneapolis/St. Paul Business Journal. University administrators pitched the proposal to the Board of Regents on Thursday, and the regents plan to vote on the proposal […]
December 11, 2020
COVID-19
University of Delaware Employees Taking a 5% Pay Cut
Non-union employees at the University of Delaware will have to take a 5% pay cut for the remainder of the fiscal year, due to the school’s projected $250 million financial deficit brought on by the COVID-19 pandemic, reported The Delaware News Journal. To compensate for the financial deficit projection, the pay cut will come in […]
October 9, 2020
Sports
William & Mary Athletic Director Resigns After Decision to Cut 7 Varsity Sports Sparks Controversy
Samantha Huge, William & Mary’s athletic director, resigned Tuesday after facing “widespread” community dissatisfaction with her decision to cut seven sports last month, reports The Virginian-Pilot. Citing COVID-19 and the financial toll it has taken on institutions across the country, Huge had reported growing budget deficits within the athletics department last month. Consequently, she announced […]
October 6, 2020
HBCUs
With $8 Million Deficit, Bethune-Cookman Faces Potential Accreditation Loss
Bethune-Cookman University (B-CU) a private historically Black university must close its $8 million budget deficit by March if it is to remain in operation, reported the Daytona Beach News-Journal. The school, founded in 1904, is currently in its second year of academic probation. “2020 will be a pivotal year in history of B-CU,” President Dr. […]
February 4, 2020
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