In wake of Nassar settlement, Michigan State University proposes budget cut
Michigan State University is proposing a budget cut of up to 2.5 percent that some say is one way the school is preparing to pay for the $500 million settlement with accusers of convicted sex abuser Larry Nassar, The Detroit News has learned.
The cut, expected to range between 2-2.5 percent in all of MSU’s departments, was previewed during a recent meeting with MSU’s deans, two university sources told The News.
If enacted, between $27 million and $34 million could be trimmed from MSU’s $1.36 billion general fund.
MSU typically has proposed cutting department spending by 1 percent each year as a way to encourage efficiency but high-ranking officials portrayed the additional 1-1.5 percent as needed because of declining international enrollment blamed on Trump administration policies, the sources said.
Read more: https://www.detroitnews.com/story/news/local/michigan/2018/05/17/michigan-state-university-budget-cut-nassar-settlement/35043043/
