Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Penn State cuts budgets, announces furloughs amid financial losses
Pittsbugh Post-Gazette ^ | April 27, 2020 | Bill Schackner

Posted on 04/27/2020 4:42:37 PM PDT by abb

Citing “hundreds of millions of dollars” in losses, Penn State University will cut program budgets, furlough 2,000 employees at half pay, and president Eric Barron will return 10% of his monthly salary amid what he called “unprecedented” times.

Further furloughs and layoffs are possibilities in the new fiscal year, he said, as Penn State faces $160 million in lost tuition revenue from likely enrollment declines, on top of more than $100 million in room and board refunds and other costs since March associated with the COVID-19 pandemic.

Neither Mr. Barron’s video remarks nor a university statement specified the number of employees to be furloughed. However, Penn State spokesman Lisa Powers on Monday put the number at approximately 2,000 and said they are mainly in auxiliary and plant operations.

The moves come as university leaders express growing worry about a crisis that has hit virtually all campus revenue streams, from tuition and fees to lost event revenue and hits taken by campus endowments as the stock market has swung sharply.

On Friday, University of Pittsburgh Chancellor Patrick Gallagher said he planned to donate 20% of his salary to assist his university through the crisis — an amount approaching $134,000 — and that his senior vice chancellors planned to return 10% of their pay.

At Penn State, Mr. Barron thanked employees for their resilience and cited the university’s traditional strength in weathering crises. But he also suggested the situation is fluid.

“These challenges are compounded by uncertainties we face in predicting a return to normal,” Mr. Barron said.

He said moves being implemented are based on administration deliberation in conjunction with the board of trustees.

(Excerpt) Read more at liber.post-gazette.com ...


TOPICS: Culture/Society; Extended News; Government; News/Current Events
KEYWORDS: budget; pedostate; pennstate; pennsylvania
Navigation: use the links below to view more comments.
first 1-2021-27 next last
It is an immutable Law of Nature that if the host dies, the parasite no longer has a source of food.
1 posted on 04/27/2020 4:42:37 PM PDT by abb
[ Post Reply | Private Reply | View Replies]

To: abb
Penn State University will cut program budgets, furlough 2,000 employees at half pay, and president Eric Barron will return 10% of his monthly salary amid what he called “unprecedented” times.

Why not half pay like the rest?

2 posted on 04/27/2020 4:45:36 PM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Penn State Endowment: 4.55 billion USD


3 posted on 04/27/2020 4:46:43 PM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

https://www.nevadaappeal.com/news/nevada-public-employee-benefits-board-cuts-6-percent-from-budget/
Nevada Public Employee Benefits board cuts 6 percent from budget

https://www.businessreport.com/newsletters/lsu-interim-president-asks-school-leaders-to-prepare-for-budget-cuts
LSU interim president asks school leaders to prepare for budget cuts

https://www.crainscleveland.com/rachel-mccafferty-blog/kent-state-cut-fiscal-year-2021-budget-20]
Kent State to cut fiscal year 2021 budget by 20%


4 posted on 04/27/2020 4:46:57 PM PDT by abb
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Universities are socialist indoctrination centers.

Close the “ social science “ crap, and the “ diversity outreach “ offices, and maybe you’ll have a chance to survive.


5 posted on 04/27/2020 4:47:41 PM PDT by BrexitBen
[ Post Reply | Private Reply | To 1 | View Replies]

To: FatherofFive

The guy makes over $850,000.00 a year...oh, my.


6 posted on 04/27/2020 4:48:46 PM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 2 | View Replies]

To: BookmanTheJanitor

https://news.psu.edu/story/588037/2019/09/13/salary-increases-approved-president-two-executives

Salary source


7 posted on 04/27/2020 4:49:25 PM PDT by BookmanTheJanitor
[ Post Reply | Private Reply | To 6 | View Replies]

To: abb

Wow

That is a lot of people out of work in one fell swoop.

There will be another round of layoffs Thur/Fri


8 posted on 04/27/2020 4:50:24 PM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

https://kvia.com/news/el-paso/2020/04/27/watch-live-el-paso-city-council-to-discuss-salary-reduction-for-employees-pension-impact-from-pandemic/
El Paso City Council approves pay cuts & furloughs as it deals with $86 million budget shortfall

https://spectrumnews1.com/oh/columbus/news/2020/04/27/dayton-facing-drastic-budget-cuts—mayor-pleading-for-federal-support
Dayton Facing Drastic Budget Cuts, Mayor Pleading for Federal Support


9 posted on 04/27/2020 4:53:27 PM PDT by abb
[ Post Reply | Private Reply | To 4 | View Replies]

To: abb

https://www.msn.com/en-us/news/us/fresno-schools-face-big-budget-cuts-amid-coronavirus-should-they-trim-police-funding/ar-BB13gKwi
Fresno schools face big budget cuts amid coronavirus. Should they trim police funding?

https://coloradosun.com/2020/04/27/colorado-state-budget-shortfall-coronavirus/
Colorado lawmakers are looking at how to close a $3 billion budget shortfall

https://www.hustlebelt.com/2020/4/24/21233631/university-of-akron-president-recommends-20-percent-budget-cut-for-athletics-in-new-master-plan
University of Akron recommends 20 percent budget cut for athletics in new master plan


10 posted on 04/27/2020 4:56:53 PM PDT by abb
[ Post Reply | Private Reply | To 9 | View Replies]

To: abb

Sandusky State takes a hit. So sad.


11 posted on 04/27/2020 4:58:59 PM PDT by Luke21
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

From a friendly source: 80/20 that they’ll be no students or football in the Fall.


12 posted on 04/27/2020 5:03:37 PM PDT by JonPreston
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Ped State should permanently close.


13 posted on 04/27/2020 5:04:10 PM PDT by ArcadeQuarters (Socialism requires slavery.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

The payroll loan program does not count comp over $100,000 per year. That seems like a reasonable cap for true leaders to reduce their compel during this crisis. Taking cut to 536k seems pretentious.


14 posted on 04/27/2020 5:05:33 PM PDT by Bernard ("I don't know if that's true:" Schiff said.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bernard

When they cut the diversity and inclusion Vice Presidents and staff we know they are serious.


15 posted on 04/27/2020 5:07:36 PM PDT by ActresponsiblyinVA
[ Post Reply | Private Reply | To 14 | View Replies]

To: abb

Did they furlough Micheal Mann?


16 posted on 04/27/2020 5:09:53 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BrexitBen
Close the “ social science “ crap, and the “ diversity outreach “ offices, and maybe you’ll have a chance to survive.

And at many universities and colleges, the "Diversity and Inclusion" administrators are making BIG bucks. I am talking $300-$500K a year.

17 posted on 04/27/2020 5:30:08 PM PDT by SkyPilot
[ Post Reply | Private Reply | To 5 | View Replies]

To: BrexitBen

The Social Equity officer at the university where I work puts out training videos every 6 months or so to teach us not to sexually harass anyone and to conform to Title IX requirements. We’re also given indoctrination on thinking correctly about race, inclusion, LGBTQ+ issues, etc. She’s sent university-wide emails about wearing goofy socks to celebrate disabilities day and denim to show our support for efforts to combat violence against women. (This as the university faculty was struggling with how to redesign their classes to keep students studying in the suddenly totally online environment.) A more useless person and position I’ve never seen.

When jobs open, she reviews all job announcements to make sure they’re politically correct. She also looks at how every search is conducted to make sure protected groups are included in the list of finalists. I’m sure she makes far more than the janitors who keep the buildings repaired and clean. Their jobs are far more difficult and important than hers.

Fire these equity officers and save lots of money. Don’t lay off the truly useful people.


18 posted on 04/27/2020 5:35:58 PM PDT by PA Presbyterian
[ Post Reply | Private Reply | To 5 | View Replies]

To: abb

PSU has a great women’s volleyball team...
I guess the team will be affected...


19 posted on 04/27/2020 5:38:27 PM PDT by L.A.Justice
[ Post Reply | Private Reply | To 1 | View Replies]

To: abb

Michigan State are about to announce the same things.


20 posted on 04/27/2020 5:43:28 PM PDT by Yo-Yo ( is the /sarc tag really necessary?)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-27 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson