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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 Will End Year With A Surplus, But Cuts Expected As Big Deficits Loom
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University expects to end the fiscal year with a $14.5 million budget surplus, a dramatic shift from the big deficit projection just a few months ago. But this rare dose of good news on the university’s budget front, delivered to the board of trustees at its meeting last week, was… Read More
Ohio University Enrollment On Path To Continue Slide As Peers Project Gains
By: David Forster
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ATHENS, Ohio (WOUB) — Ohio University is on track for one of its lowest undergraduate enrollments in several decades, which will have financial repercussions for years to come. The deadline for incoming freshmen to submit their housing deposits is less than four weeks away. So far, the number of confirmed freshmen enrollments at Ohio University… 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