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The Connecticut State Colleges and Universities system has been wrestling with ways to make up what it says could be a $57 million shortfall.
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.
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.