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Raises for faculty and staff are in the forecast as Ohio University’s financial position improves
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University’s financial picture is improving, driven by more students, fewer employees and a big helping of federal stimulus funds. Faculty and staff will see something this year they haven’t seen in a while as a result: a pay raise, coming with the start of the new fiscal year in July…. Read More
The Ohio University Board Of Trustees Added A Regional Member And Discussed Enrollment Decline At Latest Meeting
By: Kaitlin Thorne
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ATHENS, Ohio (WOUB) — Regional representation in university leadership and further enrollment decline were among the topics of discussion during the Ohio University’s Board of Trustees’ meeting on Thursday. Misty Crosby, of Marietta, was named the new regional trustee following an unanimous vote during the morning session of the meeting. OU President Hugh Sherman first… Read More
Ohio University Recovering From Pandemic, But Big Challenges Remain
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University’s board of trustees saw evidence Friday that the university is recovering from the depths of the pandemic. Freshmen enrollment is expected to be up significantly from last year’s incoming class, which was one of the smallest in nearly three decades. And the projected budget deficits are not as massive… Read More
Ohio University Ending Year Strong Despite Pandemic, But Big Challenges Remain
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University expected the pandemic to deliver a serious blow to its already fragile financial situation and leave it millions of dollars in the hole. Instead, just the opposite happened. The university’s board of trustees was informed at its meeting Friday that the institution expects to end its 2021 fiscal year… Read More
Former Business Dean Named To Two-Year Term As Ohio University President
By: David Forster
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ATHENS, Ohio (WOUB) — The former dean of Ohio University’s business college will serve as the university’s president for the next two years. Hugh Sherman will serve out the remaining two years that President Duane Nellis would have served under the terms of his six-year contract. Nellis announced two weeks ago that he is stepping… Read More
Pandemic Deepens Ohio University’s Budget Crisis
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University expects to lose about $20 million in revenue because so many students are choosing not to return to campus this semester. This is just one piece of a projected budget deficit of $32.2 million for the current fiscal year, forcing the university to again dip into its reserves to… Read More
Ohio University Leaders Struggled To Forecast Depth Of Budget Crisis
By: David Forster
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Editor’s note: This is the first in a series of stories that will examine the budget crisis that has left Ohio University looking to cut millions of dollars in expenses. As the region’s largest employer, the decisions it makes can have a profound effect on the local economy. The stories will look at the specific… Read More
Ohio University Projections Show Millions In Deficits
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University is looking at a more than $290 million budget deficit over the next five years if revenue and expenses are not brought into closer alignment. That budget gap would be plugged with money from the university’s reserves, and the biggest pool of money in these reserves could be drawn… Read More
OU Executive’s Bonus Raises Questions About Transparency
By: David Forster
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ATHENS, Ohio (WOUB) — One thing the payment of a $100,000 bonus to an Ohio University senior executive a few months ago has made clear is that this can be done in private. No public vote was taken, and no other public disclosure was required. Had the university’s board of trustees signed off on the… Read More