Clark University is Short $3.7 Million

University plans to cut $1 million over the next fiscal year

According to Dolan, student financial aid will not be cut. 
Photo by Kate Summers

According to Dolan, student financial aid will not be cut. Photo by Kate Summers

Alex Grayson and Ethan Giles

Clark University is currently confronting a budget shortfall of $3.7 million for the 2016–17 fiscal year.

In an email sent out to all faculty and staff on Wednesday Sept. 21, President David Angel disclosed that “a combination of a much smaller first year class than planned, fewer transfer students, and some additional attrition in continuing students” left the University 3.5 percent short of its anticipated 2016-17 budget.

In planning the budget, the University’s target for undergraduate enrollment was 2,322 students. With 2,238 undergraduate students currently enrolled, that turned out to be an overestimation of 84 students. To account for this overestimation, the University will reduce expenditures by “approximately” $1 million.

In order to carry out this $1 million budget cut, the University “will seek to reduce expenditures in a targeted way that minimizes the impact on the long-term success of the University,” Angel wrote in the email.

Executive Vice President and Treasurer of the University, Julie Dolan and Angel will be hosting a question-and-answer session for “interested staff and faculty” on Tuesday morning, Sept. 27.

In regards to proposed budget cuts, Dolan told The Scarlet that “it’s not a huge amount [of money] in the grand scheme of things nor is it an unusual or unheard of event.”

When asked where the cuts will be made, Dolan said, “we are still working on that specifically… We are making sure we do not affect the student experience at all.” The University will not reduce student financial aid as a result of this deficit.

Dolan said the University will continue to invest in key priorities including hiring faculty, making investments in career services, its commitment to diversity and inclusion, and LEEP.

While unsure of the specific cuts, Dolan said that  “some of the the savings will come from naturally occurring staff vacancies.” She explained, “If a position turns over instead of refilling that position immediately we might wait a month or two so you get some salary savings there.”

“We are taking it seriously and dealing with it head on,” Dolan said. “We will come out of it just fine and probably stronger for it.”