Connecticut's College System Facing $5.5 Million Deficit

Tim Goral's picture
Thursday, May 9, 2013

The library at Central Connecticut State University, one of the schools in the Connecticut college system. Despite millions of dollars in cuts this year the state’s college and university system is facing a $5.5 million deficit for the fiscal year that ends July 1.

Finance officials for the state’s Board of Regents for Higher Education learned this week that cutbacks in staffing and other budget reductions, including a hiring freeze that was intended to stave off a budget shortfall, have not worked and the board will have to take additional cost-saving measures, according to the Connecticut Mirror.

While the board recently approved tuition hikes across the system, which includes four state universities and nine community colleges, those increases don’t take effect until the 2013-2014 school year.

"The situation seems pretty dire," the Mirror quotes Gary Holloway, chairman of the Board of Regent’s finance committee. The committee, Holloway added, has not yet determined how to make up the shortfall.

The cuts made earlier by the Board of Regents eliminated 400 staff members from the college system and saved it $14.8 million, the Mirror reports.

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