Significant budget cuts cost University of New Orleans 130 jobs
- As a result of what University of New Orleans President Peter Fos called "the most significant budget cuts" in the school's 54 years of existence, plans were announced Tuesday to cut spending by $12 million in order to make up for a loss of $9.3 million in state appropriations.
- Fos said that the school's state appropriation has been cut by about $28 million since January 2009 and that the school's self-generated revenue of $71 million (boosted by tuition increases allowed under the GRAD Act) was not enough to offset the loss of state money.
- The school is cutting 130 jobs, which amount to about 7.5% of its workforce and should save $3.3 million, and other measures--including the halving of the travel budget, the leasing of vacant property on campus and shutting down for seven days during spring break to save $100,000 on utilities--are also on the table.
From the article:
Facing what he called "the most significant budget cuts" in the University of New Orleans' 54-year history, UNO President Peter Fos announced plans Tuesday to trim spending by $12 million to make up for a budget shortfall. The strategy, which needs the state Board of Regents' approval, was triggered by a cut of $9.3 million in the money UNO receives from the state, Fos said, along with increases in retirement costs and such benefits as health insurance. ...
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