The clock is ticking for nearly 100 professors at Minnesota State University of Moorhead who must decide by tomorrow whether they want to take an early retirement. The college is facing a projected eight million dollar deficit by 2016 so administration is offering early retirement with some lucrative incentives. Valley News team's Eric Crest reports on what the future holds for MSUM. The college student enrollment at MSUM has fallen about 10 percent since 2010. In that time the school has missed out on an estimated 4.6 million dollars and their deficit is only growing. "As we look ahead to fiscal year 2015 if we do nothing, we're projecting about a 5 million dollar budget deficit," says David Wahlberg the Executive Director of Marketing and Communications at MSUM. By 2016 that deficit is projected to be at 8 million dollars. So administration has decided to make some cuts. http://www.valleynewslive.com/story/23910399/msum-offers-early-retirement-to-some-faculty-to-fix-their-budget
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