Wednesday, October 14, 2009

Missouri State Preparing For $5.5 M Cut in 2011

video

"A Bottom Line We Can't Ignore"

Missouri State University President Michael Nietzel is asking faculty and staff to consider early retirements and voluntary furloughs in anticipation of a $5.5 million dollar budget cut next year.

Nietzel held a townhall meeting on campus Wednesday to discuss cost-cutting measures with employees and students. With federal stimulus dollars running out and state general revenue on a double-digit decline, Nietzel said the university must prepare for "a bottom line we can't ignore."

*WATCH HIS DESCRIPTION OF THE BLEAK BUDGET PICTURE ABOVE*

Nietzel said he'd like to have some decisions made by January. Nietzel said cutting $5.5 million dollars now is necessary to head off steeper cuts in 2012.

WATCH THE KY3 NEWS @ 10 REPORT HERE

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