13 WTHR - Indianapolis News |Purdue plans ahead for possible $70M shortfall
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West Lafayette - Purdue University officials are looking for long-term ways to save money because the school could be $70 million short over the next two-year budget cycle.
Budgets are already set for this fiscal year and the next. But Purdue says it could be $70 million short over the next biennium if state appropriations stay flat and there is no tuition increase.
Executive vice president for business and finance Al Diaz says Purdue has already cut positions and withheld pay increases. Now the school is starting to plan for long-term ways to operate in a slumping economy and could make some changes soon.
Diaz said the school will review programs, compensation and other issues over the next five months.
(Copyright © 2009 The Associated Press. All rights reserved. This story may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press.)
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