The university will increase tuition by 2-3 percent next year, reduce its workforce by 5 percent, freeze employee retirement matching benefits and freeze faculty development money in an effort to make up a $6 million projected budget shortfall, according to University President Dan Boone. Boone said the university is still feeling the financial disruption caused by the Covid-19 pandemic, and is taking steps to address the budget deficit to bring Trevecca back to where it was pre-pandemic. “Every strategy we presented to our board in the fall is moving forward,” he said. “I’m optimistic we’ll be back to where we were pre-Covid in about two and a half years.”
