Indiana College Slashing Budget And Athletic Programs

Jobs and sports programs are being cut at one Indiana college due to the the lock down academy.

Earlham College will eliminate dozens of jobs, restructure others and drop four sports as the school tries to navigate through financial problems caused by the novel coronavirus pandemic and ongoing budget shortfalls.

Earlham President Anne Houtman has announced $7.6 million in cuts will be made for the next fiscal year. As of July 1, 34 positions will be eliminated with 27 more “restructured through efficiencies across campus.” The college employs about 400 people.
On the athletics side, the school is suspending its men’s and women’s tennis and golf programs.
“New student enrollment for the fall is half what we modeled for and built our budget around, and that goal was conservative before the pandemic struck. It is imperative we act now, both to reduce our current deficit and ensure Earlham’s future.”
Soure: Pal Item
Soure: Pal Item

Published by Hoosier Econ

Located out of Central Indiana. Blogger of economics, politics and societal trends.

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