Budget officials at CMU review options for next year’s deficit

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Central Michigan University is looking at options to help make up a budget deficit for the current and next fiscal years.

Budget officials at CMU say the shortfall this year is $10.6 million.

It’s attributed to a decrease in the number of high school graduates in the state, in the midwest and nationally.

Barrie Wilkes is the Vice President of Finance and Administrative Services.

He said the deficit is expected to be even greater next fiscal year – which begins in July.

“For this year, budget reduction, we can use one time funds, we can use salary savings or other sorts of things. For next year, we actually need to make base-budget reductions, what those are we don’t know yet because we don’t know the actual size of the estimated shortfall.”

Wilkes said the shortfall is also the result of a persistent decrease of state funding.

“I don’t see in the near future, a large increase in the investment for higher ed. I wish we would. The state has a number of issues to deal with, the roads, Flint water crisis, Detroit Public Schools, so there’s no shortage of needs for the money.”

Wilkes said the university should know in June what the upcoming budget deficit is, and cuts will be announced at that time.