Author Topic: The Cuts are Coming  (Read 134 times)

OldSeawolf

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The Cuts are Coming
« on: August 16, 2020, 10:00:06 am »
https://www.newsday.com/long-island/education/college-costs-this-fall-1.48145482

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Coronavirus forcing schools to freeze hiring, cut salaries, dip into reserves

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By Carol Polsky
carol.polsky@newsday.com

One of the SUNY system’s foremost research institutions, Stony Brook University, will freeze hiring, cut salaries and budgets, and take more than 50% from its $80 million reserve fund this next academic year to offset mounting costs from the coronavirus pandemic, the school's president said in a letter last week.

All of Long Island’s colleges and universities are grappling with revenue losses and playing on their strengths to survive the challenges of COVID-19, their leaders say, as they prepare to reopen campuses with a mix of in-person, remote and hybrid courses.

“The bottom line: We know we have at least a $109.6 million deficit this year on the academic and research side, and it could become significantly worse, depending on the future impact of COVID-19 in our state and on our campus,” Stony Brook president Maurie McInnis said in a letter to faculty and staff. “The economic havoc COVID has left in its wake will be significant and long-lasting, and it is impacting Stony Brook’s financial health in multiple ways.”

Long Island schools refunded millions of dollars to students for room and board cut short when campuses shifted to remote instruction in March. Now, lowered density in dorms this fall will further impact revenue at schools that typically have many residential students.

Anticipated dips in enrollment, especially in international students, also will affect tuition income, while federal aid will cover only a portion of the costs of upgraded technology for remote instruction, upgraded ventilation and other measures to dampen the spread of the coronavirus, school administrators say.

To defray costs, schools have left positions unfilled, cut expenses such as nonessential travel, and in some cases furloughed employees.

Stony Brook, which had an enrollment of more than 26,000 in 2019-20, said it lost $34 million in refunded fees and $12 million in other income last spring, plus spent $9.3 million in COVID-19-related costs. The school anticipates a 17.5% drop in out-of-state and international students for a $20 million reduction in revenue, McInnis wrote. And, based on registration information, it expects a decrease in the number of student residents on campus from a capacity of 10,000 to 6,000, for an estimated loss of $38.9 million.
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As the financial prospects darken, several graduate students complained fall semester fee increases of about 18% are double what they had expected.

Jose Moscoso, 28, a PhD candidate in Ecology and Evolution and secretary of the Graduate Student Organization, said, "It's like them saying 'yikes we bled money' so now the poorest, lowest-paid employees on campus will have to carry this load. Why are we not seeing higher administrative pay cuts?"

McInnis said Stony Brook had used $13.4 million in federal support and achieved $18.7 million in savings from refinancing student housing loans. But costs continue to mount, including those at the university's hospital and clinic, which anticipate "an additional loss of between $60 [million]-$80 million in this fiscal year due to COVID," she wrote.
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Green Opaque

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Re: The Cuts are Coming
« Reply #1 on: August 16, 2020, 01:06:18 pm »
**** New York State and **** SUNY! Taking away 46 million from us in our most crucial time when public schools are most important. I’m embarrassed that SUNY is so consistently awful in terms of funding. A disgrace!
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VA_Seawolf

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Re: The Cuts are Coming
« Reply #2 on: August 16, 2020, 03:50:53 pm »
This is going to be a sh*tshow all around. Not good at all.

Hammertime

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Re: The Cuts are Coming
« Reply #3 on: August 16, 2020, 05:27:19 pm »
This is going to be a sh*tshow all around. Not good at all.

I cant imagine SB not eliminating multiple D1 sports from their program...I would bet the ranch on it.

VA_Seawolf

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Re: The Cuts are Coming
« Reply #4 on: August 17, 2020, 01:39:29 am »
This is going to be a sh*tshow all around. Not good at all.

I cant imagine SB not eliminating multiple D1 sports from their program...I would bet the ranch on it.

Men's soccer is gone at a minimum. Along with probably women's tennis, and swimming and diving. Or perhaps they cut both men's and women's soccer to start. Multiple schools will experience cuts.

Chairman of the Board

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Re: The Cuts are Coming
« Reply #5 on: August 17, 2020, 08:55:53 am »
wow, what gives you that idea, just curious?

i feel for S&D.  they just restarted, new staff, new facility, new team.

when these things happen i'm always thinking title ix implications, who has the large overhead, who brings in any revenue, and who is on the U's priority list.
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VA_Seawolf

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Re: The Cuts are Coming
« Reply #6 on: August 17, 2020, 12:26:32 pm »
I'm aware of Title IX, but out of everything we've got on the Men's side, soccer is the first on the chopping block and could be cut without much fanfare. Women's soccer could be cut along with it, but I mention S&D and Tennis simply because I imagine they're less popular and will be missed less. If I'm wrong there then other sports will be cut.

Football (yes, really), basketball, and LAX will be safe on the men's side. Everything else is on the chopping block potentially. Baseball I can't imagine being cut unless things get really bad. The associated women's sports would probably be cut too along with men's to keep the title IX stuff even and save more money.

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Re: The Cuts are Coming
« Reply #7 on: September 16, 2020, 12:37:14 pm »
new SUNY chancellor, jim malatras, is a former cuomo aid and pres of Empire State: https://spectrumlocalnews.com/nys/central-ny/ny-state-of-politics/2020/08/21/cuomo-ally-to-lead-new-york-s-suny-system
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Hammertime

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Re: The Cuts are Coming
« Reply #8 on: September 16, 2020, 01:18:44 pm »
new SUNY chancellor, jim malatras, is a former cuomo aid and pres of Empire State: https://spectrumlocalnews.com/nys/central-ny/ny-state-of-politics/2020/08/21/cuomo-ally-to-lead-new-york-s-suny-system

This University is doomed. i am sorry to say it.  Just look what Cuomo did to NYS before the Pandemic. over 6.5 Billion Dollars in debt, in a booming economy. If Jim Malatras was his advisory during that time, Stony brook will be in a world of hurt financially. get ready for higher Tuition prices coming real soon!!

VA_Seawolf

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Re: The Cuts are Coming
« Reply #9 on: September 16, 2020, 10:19:07 pm »
new SUNY chancellor, jim malatras, is a former cuomo aid and pres of Empire State: https://spectrumlocalnews.com/nys/central-ny/ny-state-of-politics/2020/08/21/cuomo-ally-to-lead-new-york-s-suny-system

This University is doomed. i am sorry to say it.  Just look what Cuomo did to NYS before the Pandemic. over 6.5 Billion Dollars in debt, in a booming economy. If Jim Malatras was his advisory during that time, Stony brook will be in a world of hurt financially. get ready for higher Tuition prices coming real soon!!

I hate that I have to agree with you, but you're probably right. Him having worked with Cuomo for so long says it all. Of course there will be plenty of money to be thrown around to pet project and cronies and what have you, but none for SBU of course.  >:(