KU Chancellor: University of Kansas faces $120M shortfall

Kansas

LAWRENCE, Kan. (AP) — University of Kansas Chancellor Douglas Girod said Thursday the university faces a shortfall amounting to more than a quarter of its general operating budget after the coronavirus pandemic forced it to close its campuses.

The Lawrence Journal-World reported Thursday the $120 million shortfall stems from losses in research dollars, event fees, and student housing and dining revenue. Girod said “all options must be on the table.” Those include sweeping vacant position budgets, using reserve funds, and keeping in place a hiring freeze.

Girod also hinted furloughs and layoffs are likely after the new fiscal year begins July 1.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download the KSN News App and stay up-to-date wherever you are. You can even watch KSN News live for free!
Click here to get the app
Get it in the App store
Get it in the Google Play store

3 Day Forecast

KSN Storm Track 3 Weather

Trending Stories