South Carolina State University could face a nearly $4 million shortfall.
/ Source: SCSU
ORANGEBURG, S.C. (AP) -- South Carolina State University is considering budget cuts to make up for an estimated shortfall of almost $4 million.
Trustee Maurice Washington says the Orangeburg school faces a serious situation.
Washington said during a committee meeting on Thursday that revenues through Jan. 24 were down about $8.5 million. The school expects to bring in an additional $5.5 million by the end of the fiscal year June 30.
Washington says that would leave the school facing a nearly $4 million shortfall.
He blames most of the shortfall on a decline in enrollment. The school has about 500 fewer students than expected.
School President George Cooper has recommended a plan to save more than $4 million in the next five months.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
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