Wednesday, April 23 2014 3:24 PM EDT2014-04-23 19:24:25 GMT
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(Toledo News Now) -
Lourdes University joins
the list of schools making cuts.
The school is cutting $1
million from its 2013-2014 budget. Officials say the loss of revenue, due to a
5 percent decrease in enrolment the last three semesters, has the university
working hard to balance its budget.
"Lourdes University is a
small, private Catholic institution, and so we don't get the funds that you
would at a state institution," said Interim Superintendent Janet Robinson. "We
really do rely on our enrolment."
Lourdes has already cut
$1.5 million from its current $31 million budget. Now they are preparing for
next year's shortfall by making further cuts.
"We've been looking at our
budget this whole year, trying to make cuts across departments, trying to leave
positions vacant, but as we look to the 13-14 year, we think it's wise to think
about making cuts in terms of personnel so that we can bring in a balanced
budget," Robinson explained.
The university has a
3-point plan. It includes offering a voluntary separation/buy-out package, a 1
percent salary reduction for faculty and staff, and a 3 percent salary
reduction for administration. The reductions will take effect July 1. There may
also be up to eight layoffs.
"We tried again to make
cuts to have the least negative effect on our students," Robinson said. "We
looked at our mission, we looked at our strategic plan, we looked at our
students, and we also looked at our employees, to do the best we could for all
Robinson says she believes
Lourdes will see an increase in enrolment for first-time undergraduate students
Newsweek recently released its list of the Most Beautiful Colleges. The ranking took in to consideration campus aesthetics, as well as the attractiveness of its student body.More >>
Newsweek recently released its list of the Most Beautiful Colleges. The ranking took in to consideration campus aesthetics, as well as the attractiveness of its student body. See if your alma mater made the list.More >>
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