Thursday, December 18, 2008

Higher Ed Cuts Could Mean More Than 100 MSU Layoffs

Missouri State University President Michael Nietzel will address the media Thursday afternoon to discuss the school's "statement of impact" should appropriations be reduced by 15, 20 or 25 percent.
The Impact Statement is already available on the University's website HERE.
"Reductions at any of these three levels are without precedent and would have an enormous negative impact on the university," writes Nietzel.
  • A cut of 25% would would exceed the total amount of scholarships and financial aid provided by the university to its students.
  • No budget reduction of this magnitude could be accomplished without layoffs of staff and reductions in faculty.
  • Faculty reductions could involve more than 100 full-time employees to accomplish the 20% and 25% budget cuts.
  • Maintenance, Coaching personnel, health care coverage and travel budgets could also be slashed.
  • Implications of cuts could result in a possible cap on student enrollment and an increase in tuition.
  • If Missouri State sought to offset a 15% cut by an increase in tuition, the school would need to raise the resident rate by 13%, or $24 per credit hour.

"Budget cuts of any of these magnitudes would cause substantial pain and losses beyond the university . . . the economic adversity would spread in a number of negative directions," writes Nietzel.

The availability is scheduled from 3:30-4 p.m. in Carrington Hall.


1 comment:

The MSU ONE Team. said...

And to think, last year they spend as much on a new basketball gym as they did on all academic appropriations combined. Sure would be nice to have that money for a rainy day now...