Saturday, November 27, 2010

Football vs. Finances

The University of Tennessee's football team is in better shape than its budget, apparently:

While the football team is showing major signs of improvement, the university itself faces $56 million in budget cuts next year because it relied on stimulus funding to avoid making cuts before now. Eleven members of the university's staff will face layoff in June at the end of the current fiscal year. Like other State agencies, the University of Tennessee padded its budget with stimulus money rather than make necessary cuts when they needed to be made, and that means more layoffs and could mean that students will pay an even steeper price in the form of far greater tuition increases. Instead, the university just had to take its stimulus funding and avoid the inevitable. Are more going to suffer than otherwise needed to because of the university's financial choices?

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