FORT COLLINS, Colo. (AP) -- Interim Colorado State University President Tony Frank is preparing his staff for cuts, including layoffs, as the state faces a budget shortfall of roughly $600 million or higher.
Frank says lawmakers are limited in what they can do to balance the budget and that cuts to higher education funding are likely. He says it is too early to say how many layoffs might be necessary.
Frank has already pared $1.5 million by eliminating two administrative positions. Most hiring has been frozen.
Colorado State's annual budget is about $820 million. The school has about 5,690 employees, not including graduate students or postdoctoral researchers.
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