University of Baltimore

University of Baltimore officials discuss plans for future financial stability

University of Baltimore officials discuss plans for future financial stability

Faced with declining enrollment and a budget shortfall, University of Baltimore President Kurt Schmoke outlined his ideas Friday to secure the school’s financial future to a standing-room only crowd of students, faculty and staff.

To close a $4 million budget gap this year, the university already cut pay for nearly 400 staff members by requiring furlough days and instituted a hiring freeze, travel restrictions and limits on departmental spending.

“This is not just a budget session,” Schmoke said during the town hall meeting, “it’s a discussion about the future of this university, both long term and short term. ... If we’re going to be financially stable and competitive,...

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