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Post Info TOPIC: USM Financial Crisis Update?
Gerry Rivera

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USM Financial Crisis Update?
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We all know about USM's budget crisis. First we were to expect a 5% budget cut across the board. Then Katrina hit and severely affected USM's enrollment and caused massive expenditures. Sources I have talked to say that the tuition shortfall is in the neighborhood of $3 million. While some students have come back this Spring, the drop in last Fall's enrollment cannot be undone. The Clinton/Bush money is reportedly will make up $1.2 million of that, but what about the other $1.8 million? Where will it come from? The recent memo from Grimes to deans and chairs indicates that the spending reins are being tightened to cut into the deficit. Has anyone heard if this will be enough to right the ship?

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Emma

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Yet - some of the admin. got outrageous raises in the midst of this crisis. What does that say about the pork barrel powers that be????

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Southern Justice

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If those admins who got raises decide to give them back, do they qualify as "Heroes of Katrina"?

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Emma

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LOL. Let's both put their names in the hopper, Southern Justice.

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Southern Justice

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I'm thinking it won't even take one of us to put names in the hopper. There'll be no names to hop.

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little birdie with bad news

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Expect some frightening revelations to come on this front in the near future.  Hold on.

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