Eye on Education

Youngstown State Cuts Staff By 15 To Shrink Deficit

Youngstown State University is laying off 15 employees as part of a $3.8M plan to close its budget deficit. In a press release, the university says YSU’s tuition revenues and allocation of state funds have declined by 19.5 million over the last three years, and the deficit could decline to $22 million by next year. The cuts are reflected in a $173 million operating budget for fiscal year 2015 approved this week by trustees, leaving a remaining $7 million structural deficit. In addition to the 15 layoffs, 43 vacant positions will be permanently cut and more layoffs could be coming.

YOUNGSTOWN, Ohio – Youngstown State University will lay off 15 employees and not fill 43 open positions under a $3.8 million budget reduction plan announced Thursday. “Three years of enrollment decline and the continued loss of state funding support represent permanent challenges that have resulted in a structural deficit in the university’s operating budget,” Ikram Khawaja, interim president, said in a news release.

Read more at: www.cleveland.com

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