- Associated Press - Tuesday, October 21, 2014

GRAND RAPIDS, Mich. (AP) - Grand Rapids Community College plans to offer buyouts to some faculty and staff as part of an effort that could save $5 million over the next decade.

The Grand Rapids Press reports (http://bit.ly/1opdZio ) the offers seek to trim expenses because of declining enrollment.

School President Steven Ender says any money that the school can save “without having to take a hard look at programs, the better we like that scenario.”

The college’s Board of Trustees approved the buyout offers on Monday night. The college estimates the buyouts would generate $1.3 million in savings over three years if 15 faculty and 10 staff members take them.

The plans come as the college is projecting a budget deficit of between $2 million and $5 million for the 2015-16 school year.

___

Information from: The Grand Rapids Press, http://www.mlive.com/grand-rapids

LOAD COMMENTS ()

 

Click to Read More

Click to Hide