Sunday, November 15, 2009
How Would YOU Save Money in Our College of Education?
Yes, our University of Northern Iowa (UNI) has felt the cut of the sword. The greatest expense in education is faculty and staff. Personnel compose at least 85% of the budget. Faculty will suffer an average of 6 furlough days (unpaid days off) which will mean a salary cut of probably $2,000 - $4,000. UNI has announced that they will reduce their contribution to our retirement accounts and our health premiums will probably increase.
The scene is not pretty. President Allen has even opened a Budget website where he is trying keep the public posted about how the budget is evolving.
To top it all off, our College of Education was just told that we need to return another $142,000 on a permanent basis by the end of December 2009.
What to do? What would YOU do?
Time magazine ran an article, Colleges Find Creative Ways to Cut Back. It talks about mowing lawns less frequently and dumping free laundry services, but when it comes to academics it is always a matter of cutting people and programs.
Share your ideas. Help us out.