Monday, May 1, 2023

DePaul, West Virginia University Latest Institutions To Face Large Budget Deficits - Michael T. Nietzel, Forbes

DePaul University and West Virginia University are the latest major universities to reveal they’re facing large budget deficits that will require substantial reductions in programs and personnel. The current deficits are projected to be about $56 million at Depaul and $35 million at West Virginia University. Late in March, DePaul University administrators projected that the university was facing a $56.5 million budget deficit for the the 2023-24 academic year. That amount was much larger than the estimated $25 million dollar figure that had been circulating among DePaul faculty and staff earlier in the year, according to reporting in The DePaulia, DePaul’s student newspaper.