Colorado State University braces for layoffs
Story By: Bea Karnes
Source: AP
Published Mon Jan 05, 2009, 09:49 AM MST
Updated Mon Jan 05, 2009, 09:49 AM MST
Colorado State University has almost 5,700 employees. Their boss, Interim CSU President Tony Frank, is preparing them for layoffs as the state faces a budget shortfall of roughly $600 million or higher.
Frank says lawmakers are limited in what they can do to balance the budget and that cuts to higher education funding are likely. He says it is too early to say how many layoffs might be necessary.
Frank has already pared $1.5 million by eliminating two administrative positions. Most hiring has been frozen. Colorado State's annual budget is about $820 million. The school has 5,690 employees, not including graduate students or postdoctoral researchers.
The state froze most hiring and building projects last fall when the economy turned sour. New projections show that the budget shortfall will be much worse than predicted, forcing impending layoffs.
