WTVY  | Dothan, AL  | Schools, News

AL--Budget Shortfall

MOBILE, Ala. (AP) - The University of South Alabama is warily anticipating a $10 million budget deficit in the new fiscal year despite a tuition increase and record enrollment.

President Gordon Moulton says the university would dip into its reserves to cover the shortfall, which is its largest ever.

USA has about $174 million in reserve.

The $677 million budget for 2009-10 reflects a revenue increase of $9 million in tuition and fees. But there's still a projected $13.7 million loss - 11.3 percent - in appropriations from the state. The new fiscal year begins Oct. 1.

A year ago, the school limited overtime, stopped paying for employee cell phones and instituted a hiring freeze for staff positions. As a result, 250 positions have remained unfilled.
Information from: Press-Register, http://www.al.com/mobileregister

(Copyright 2009 by The Associated Press. All Rights Reserved.)

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 59612962 - wtvy.com/a?a=59612962