- Associated Press - Saturday, November 22, 2014

MONTGOMERY, Ala. (AP) - Alabama State University officials say the school now has a workable budget that doesn’t include layoffs or cuts to employee pay.

The Montgomery Advertiser reports (https://on.mgmadv.com/1r97U5n ) Vice President of Finance Wanda Smith updated the board Friday on the school’s financial situation. The university has been facing a budget crunch for much of the past year, needing to cut some $24 million from its annual budget.

While the news was positive, Smith did warn a further dip in enrollment or other unforeseen expenses could threaten that stability. If that should happen, Smith said the board might consider furloughs or implementing a voluntary employee separation agreement with each option saving the university more than $1 million.

Board Chairman Locy Baker stressed those were just precautionary and expressed confidence enrollment will rise.


Information from: Montgomery Advertiser, https://www.montgomeryadvertiser.com

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