New Castle News

December 23, 2013

SRU projects $10M deficit

By Staff
Associated Press


Slippery Rock University is expecting a $10 million deficit for fiscal year 2014-15. 
The Butler Eagle reports that President Cheryl Norton told trustees last week that the university is addressing the deficit through work force reductions, cuts in operating budgets and by increasing revenue.
SRU spokeswoman Rita Abent says that each division has been asked to cut costs by 9 percent. But some departments may only be able to cut 5 or 6 percent, and others may be able to cut more to compensate.
Abent says the school will try to maintain a 20-1 student-to-faculty ratio.