Colorado College Considering Budget Cuts
Save Email Print
Bookmark and Share
Updated: 8:42 AM Jan 7, 2009
Colorado College Considering Budget Cuts
Colorado College officials are considering cutting as much $12 million from the school's operating budget.
Posted: 5:41 AM Jan 7, 2009
Reporter: Associated Press
Email Address: news@kktv.com
width:244 and height: 183 and picwidth: 213 and pciheight: 159
Font Size:

Colorado College officials are considering cutting as much $12 million from the school's operating budget.

The board of trustees asked for the cuts to its $100 million operating budget, which could include layoffs to the 734 staff and faculty. The Colorado Springs Gazette reports the cuts could extend over several years. The college is currently not filling vacant positions.

Some of the reasons cited for the cuts are interest spikes last year on almost $33 million in a variable-rate bond that helped fund a new performing arts center, and losses to the college's endowment fund.

The college is also trying to increase financial aid to students.

Trustees will consider the new budget in May.
More Stories
KKTV.com Features

KKTV and our Partners are proud to make Moms life easier…click here for more information

Click here for more information from our local health care specialists.

Do you have a story idea? Want to report breaking news? Call our newsroom at (719) 578-0000 or e-mail News@kktv.com.

Click Here to have KKTV come to your school!

Watch full episodes of your favorite CBS shows right here on KKTV.com.

Add us to your circle

Latest Blogs
  • EAT IT: Almonds - (Stacia Naquin)
    Keep your energy up when things get crazy. All you have to do is keep this super food handy at your desk.
  • Beware of Crooks Using Best Buy's Name (Betty Sexton)
    Crooks just sent a message to an 11News smartphone. It claims we've been selected for a $1,000 shopping spree. It's all a bunch of baloney!
  • Make a quick $250, hardly! (Betty Sexton)
    Thanks to Christine for telling me about this scam. She received a check in the mail from a group using the name American Consumer Opinion. It wasn't the legitimate Texas research company... just a crook looking to rip her off!
  • Treat It Like Thanksgiving - (Stacia Naquin)
    You don't have to sit on the sidelines at that Super Bowl party just because you vowed to make 2012 a healthier year. Here's some advice to keep yourself on track, after indulging during the season's biggest game!
  • "Be Prepared" is Good Motto for Storm Coverage
    Over in the KKTV 11 Weather Center, the radar's showing the snow moving in. Chief Meteorologist Brian Bledsoe says this storm has the potential to bring the most snow we've seen in 5 and 1/2 years, so it is "all hands on deck" and "batten down the hatches", as the newsroom makes its own preparations for this Groundhog Day Storm.