facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

YSU plans cuts to address deficit



Published: Thu, September 26, 2013 @ 12:09 a.m.

By Denise Dick

denise_dick@vindy.com

YOUNGSTOWN

To address a $6.5 million deficit, Youngstown State University trustees authorized cost-cutting measures including reductions in expenses, voluntary furloughs and vacation-day reductions, layoffs, delaying technology purchases and energy savings.

About half of the deficit is due to a loss of revenue from the enrollment drop, said President Randy J. Dunn. The remainder is from a loss of state support and the need to fill vacancies that had gone unfilled for the last few years.

Dunn said the projected savings in each category will be announced later this week.

This fall marks the third-consecutive year of declining enrollment. Last year’s enrollment was 13,825 students, and this year, there are 13,395 — about a 3.1 percent drop. Each 1 percent equals about $1 million in revenue.

Trustees approved a resolution authorizing cost-cutting measures Wednesday.

The largest savings, however, will be in reductions in current and future operating expenses, he said.

The layoffs, if necessary, won’t be more than the equivalent of eight full-time employees from the Association of Classified Employees and Association of Professional and Administrative Staff unions, and one or two administrative- exempt employees. No faculty members are expected to be affected.

Trustee James Greene said at a Finance and Facilities Committee meeting that the reductions aren’t to be taken lightly.

“We’re changing lives here for a while,” he said. “The next couple of years are going to be tough.”

Dunn said that the last time the university asked for voluntary furloughs or vacations two years ago, it got a decent response, and he’s hoping for a similar response this time.

“This is not a forced situation,” he said.

University officials will review actual versus budgeted expenses regularly throughout the year to determine if the cost-saving measures have achieved what they hoped.

“If we’re not seeing what we need to see, we’ll have to look at it again,” Dunn said.


Comments

1willinnyny(83 comments)posted 12 months ago

Looks bad for YSU.

What prospective student would want to enroll into a school that looks like it is "closing down."

Suggest removal:

2HonestAbe(274 comments)posted 12 months ago

nowhere near as many layoffs as akron; and akron is in debt to the tune of 27 million. still, a sad day for the folks being laid off. thank you governor kasick.

Suggest removal:

3southsidedave(4780 comments)posted 12 months ago

education is not a top priority today....

Suggest removal:

4mlisi39(47 comments)posted 12 months ago

Why don't they PLAN for these losses ahead of time instead of making it seem like a 'surprise'?

The answer? So it looks like they have no choice but to lay people off.

Proper planning would solve a lot of these issues ahead of time. Those planners are the ones that should be laid off.

Perhaps the Vindy could do a story on these 'budget makers' and 'strategic planners' and why their budgets and plans fail year after year.

Suggest removal:

5DwightK(1256 comments)posted 12 months ago

How can we have high unemployment and low enrollment in the very place that makes people more employable?! Parents, get your little darlings off the couch and tell them they need some education if they are going to earn more than minimum wage.

Suggest removal:

6walter_sobchak(1910 comments)posted 12 months ago

Dwight
You are 100% again. If not higher education, you will need to learn some skill if you want to earn more than minimum wage or be a leech on the govt., a.k.a., the people. Those that fail to plan, plan to fail! Why can't the lottery profits be redirected to student financial aid for a state university or community college instead of the trickery that they use to give it to Ohio govt-run schools?

Suggest removal:

7Knightcap(699 comments)posted 12 months ago

I'd rather see no layoffs but remove healthcare benefits from all employed and have them go on the Obamacare exchange programs. In an article under the heading about premiums a poster wrote you could get covered for about $50 a month. It's called the "Skinny Plan". That would save YSU, the students and the taxpayers a lot of money. Probably could start lowering tuition too.

Suggest removal:

8mufasa(26 comments)posted 12 months ago

Why no mention of the $8.6 million that goes to the failing YSU athletic department??? Athletics should feel the pain as well.

Suggest removal:


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport