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Still looming: the effect of the Small Business Administration's closure. “We’ve got loans that have been approved or are in the process of being approved that are waiting for the SBA,” says Patriot Bank President Richard Muskus Jr. “The SBA had better be ready for a tidal wave of backlog.”
The Westport resident will remain with the State Colleges and Universities system as Presidential Fellow from July 1 to June 30, 2020.
The study is part of CSCU’s ongoing effort to prove to state lawmakers – and Gov.-elect Ned Lamont – the need for economic support.
Before joining the Connecticut Office of Policy and Management, Barnes was the operating officer for the Bridgeport Public Schools.
Among the schools in the CSCU system are Norwalk Community College, Housatonic Community College in Bridgeport, and Western Connecticut State University in Danbury.
The revised “Students First” plan calls for the consolidation to take place in 2023, the hiring of three regional presidents in 2019 and the gradual elimination of 117 jobs, mostly administrative in nature.
“These raises again demonstrate how SEBAC has drained the Connecticut budget of funding for job programs, health care, elderly supports, social services and clearly even students,” said Senate Republican President Pro Tempore Len Fasano.
The 31-0 vote comes about three weeks after the faculty senate at Central Connecticut State University called for CSCU President Mark Ojakian's resignation.
Ojakian spurns criticism and demands for his resignation. I’m a lot tougher than I look, he says. ”I don’t have a lot of tolerance for people criticizing from the sidelines.”
The colleges face a cumulative deficit of $144 million by fiscal year 2021, according to Connecticut State Colleges and Universities President Mark Ojakian.
“In five years, our institutions will be financially insolvent," declared Connecticut State Colleges & Universities President Mark Ojakian.
The plan now goes to accrediting body The New England Association of Schools and Colleges for its consideration.
“We have to compete for a limited number of students by taking a thoughtful and creative approach," says CSCU President Mark Ojakian.