06-17-2010, 05:12 AM
Bloomberg is reporting that Rutgers stands to lose 8.8 million dollars if they merge with TESC -- that's an estimate. Actually, make that an additional 8.8 million dollars on top of the 37.8 million dollar cut they're getting already -- 37.8 million represents a 12% loss of their direct aid from the state.
Rutgers is having issues with money. They could save 8.8 million dollars if they didn't merge. They're freezing salaries. Merging will cost them, and they're expecting to have a budget shortfall close to $100 million.
No one wants this to happen.
I don't have a crystal ball, though. Google News "Thomas Edison State College" -- something about Rutgers freezing pay.
But that's the deal. This is going to cost Rutgers 10% of their expected budget shortfall to do -- hopefully my Aleks experience is helping me out here
.
It's for the best if it doesn't go through, all things considered (especially math).
Rutgers is having issues with money. They could save 8.8 million dollars if they didn't merge. They're freezing salaries. Merging will cost them, and they're expecting to have a budget shortfall close to $100 million.
No one wants this to happen.
I don't have a crystal ball, though. Google News "Thomas Edison State College" -- something about Rutgers freezing pay.
But that's the deal. This is going to cost Rutgers 10% of their expected budget shortfall to do -- hopefully my Aleks experience is helping me out here
. It's for the best if it doesn't go through, all things considered (especially math).
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