Enrollments that did not meet projections and several years of spending down the fund balance came to a head this year at Cayuga Community College when the school's trustees and president began aggressively cutting costs to try to turn around a massive budget deficit. The college leadership and its employee unions, particularly the Faculty Association, fought over the cuts. The trustees eventually declared a state of financial exigency, put the school's plans for a new dormitory and athletic fields on hold and approved a series of staff layoffs.
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Sunday, January 5, 2014
Financial woes cause strife at Cayuga Community College
Enrollments that did not meet projections and several years of spending down the fund balance came to a head this year at Cayuga Community College when the school's trustees and president began aggressively cutting costs to try to turn around a massive budget deficit. The college leadership and its employee unions, particularly the Faculty Association, fought over the cuts. The trustees eventually declared a state of financial exigency, put the school's plans for a new dormitory and athletic fields on hold and approved a series of staff layoffs.
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