Any word on MSU finances?

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Post by tGreenWay on 2020-05-14, 13:48

Turtleneck wrote:
EAST LANSING, Mich, (WOOD) — Michigan State University announced budget cuts for the remainder of the 2020 fiscal year, which ends June 30, and the 2021 fiscal year, which runs from July 1 to June 30, 2021, due impacts of the coronavirus pandemic.

President Samuel Stanley says MSU has already lost between $50 million and $60 million for the 2020 fiscal year. The university anticipates a loss of $150 million to $300 million for the 2021 fiscal year and a shortfall of 11%.

Stanley announced executives at the university will be taking a temporary pay cut between 2% and 7% depending on salary. He says he will also be taking a 10% pay cut effective immediately.

Academic and administrative units will also take a minimum 3% budget cut.

https://www.woodtv.com/news/michigan/msu-announces-budget-cuts-for-2020-2021-fiscal-years/

No mention of grilled cheese, GreenWay.



Don’t expect grilled cheese back until 2021 at the earliest.
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Post by CORNER BLITZ on 2020-05-16, 22:24

Going to be lots of problems at universities

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Post by Turtleneck on 2020-05-17, 09:31

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Post by NigelUno on 2020-05-17, 10:11

Turtleneck wrote:
Bowling Green State University eliminating baseball program
https://abc6onyourside.com/sports/content/bowling-green-state-university-eliminating-baseball-program

Probably going to be a lot of reductions.

But, seems like they could have played a limited schedule, cut the MAC in half (into divisions) and just played in Ohio for a year.

I'm guessing their athletic department was losing money as is.
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Post by CORNER BLITZ on 2020-05-19, 21:21

https://www.google.com/amp/s/amp.detroitnews.com/amp/5219792002

'A new reality': CMU cuts men's track to save $600K a year; falls below minimum for men's sports


The decision leaves Central Michigan with 16 sports programs, the NCAA Division I minimum. Early in the COVID-19 crisis, five mid-major conferences, including the Mid-American Conference, sent the NCAA a memo asking for a temporary waiver for sports minimums, but the NCAA denied it.

It also leaves Central Michigan with five men's teams, one below the NCAA Division I requirement. Alford has been working with the NCAA on a temporary waiver, and expects an answer soon, perhaps as early as Wednesday. If the NCAA doesn't approve the waiver, Alford said he has a fallback plan, but didn't elaborate

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Post by Turtleneck on 2020-05-19, 22:08

Fire Up Chips!
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Post by CORNER BLITZ on 2020-05-22, 18:57

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Post by CORNER BLITZ on 2020-05-23, 13:55

https://www.wlns.com/news/michigan/msu-begins-furloughing-workers-as-covid-19-uncertainty-continues/

It is possible that more layoffs will follow as the budget deficit could climb to $400 million over two years.

75 of the furloughs in this round are in Residential and Hospitality Services.
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