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California State University, already reeling from budget cuts to classes and faculty amid enrollment declines, is blasting as "unacceptable" more proposed state funding reductions.
In this current fiscal year — which runs from July 1, 2023 to June 30, 2024 — Kent State reduced its projected spending by $18.4 million, about 3% of the university’s annual budget ...
The university made drastic budget reductions to its music department among cuts to 42 majors, eliminated its football team, and reduced its faculty by 54 members.
That same year, the college made $8 million in administrative budget cuts [13] to address a COVID pandemic-related budget gap. [3] In December of that year, the college announced that it would eliminate 16 bachelor's degree programs, six master's degree programs, and three certificate programs as a cost-saving measure.
The Virginia school even hosted ESPN’s flagship college football broadcast, GameDay, for an earlier contest. But those wins haven’t come cheap. More than half of the $30 million that James Madison spent on football from 2010 to 2014 came from student fees, according to annual filings with the NCAA.
CUNY's policy of free tuition was revoked; the overall CUNY budget was cut by $135 million; and CUNY Chancellor Robert Kibbee demanded that Queens College slash its budget by 15%. [16] Some faculty members resigned in protest. [17]
The Columbus State Community College campus in downtown Columbus. Mitchell Hall is at right. The college is facing higher-than-expected budget cuts, including layoffs, because of a variety of factors.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.