Friday 25th May, 2018
62 ℉ | 88 ℉Louisville

U of L presents savings plan, CPE head knocks SACS

Business Journal - Friday 19th May, 2017

University of Louisville trustees heard more details Thursday about how the university will bridge a multimillion-dollar budget shortfall.

Interim U of L president Greg Postel and interim CFO Susan Howarth presented a plan to cut as much as $47 million in spending from U of L's general fund, helping the university overcome a $41 million gap between projected revenues and expenses for fiscal 2018. And that deficit is better than original projections, which put the gap at $48 million.

The savings...

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