Cedarville University has hired a new president and reorganized its finances. The university has laid off 29 non-teaching employees to help deal with a $4 million budget reallocation and selected a replacement for Bill Brown, who retired after 1o years leading the school.
The university's board of trustees issued a mandate stating that $4 million of the school's $110 million operating budget needed to be reallocated in order to keep operations sustainable.
Recently, Wittenberg University's Board of Trustees announced a plan to cut almost $5 million from the budget over the next four years. The university's president, Dr. Laurie Joyner believes that the school is on the right track to overcoming a $7 million budget deficit and developing a plan to make the school stronger in the future.
Joyner says that Wittenberg is facing the same type of fiscal problems that most institutions of higher learning are dealing with. And the same types of significant challenges.
Officials at Wright Patterson Air Force Base in Dayton say that under guidance from the Department of Defense, they have begun planning for a potential reduction of 15% of their operating budget as a result of sequestration. In a press conference Thursday, Col. Cassie Barlow told reporters that a furlough of civilian employees isn't out of the question, but it would be a last resort.