RANDOLPH, Vt. (AP) - The president of Vermont Technical College is retiring as the school continues battling financial struggles.
VTC President Phil Conroy will be on a paid leave of absence before stepping down on Nov. 15, VTC officials announced.
Dan Smith, director of community relations and public policy for the state colleges, will serve as VTC’s acting president.
Conroy became president in 2011. Since then the college has had deficits from declining student enrollment.
The state college board last spring approved a $2.5 million loan to VTC, which was required to write up a four-year business plan.
Conroy told the board in January that he was anticipating a $2.4 million deficit for the current fiscal year, which was $1 million higher than initially expected, Vermont Public Radio reported (https://bit.ly/1eMgLa6).
The board and the state colleges chancellor said they supported Conroy at the time.
The size of the deficit has not changed, said Chancellor Tim Donovan, who said his office has been involved in VTC’s finances.
“We’ve been involved very actively for most of the last year. That will likely continue as we try to stabilize the leadership team in place,” he said.
Information from: WVPS-FM, https://www.vpr.net
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