The CNY Business Journal reported that Utica College had to cut $1.3 million from its 2009-2010 budget, and had to cut 14 jobs to do so.
According to the letter, signed by college President Todd Hutton, the school "encountered a new set of financial circumstances that exacerbate an already difficult financial situation."
As a result, the college eliminated 11 full-time and three part-time positions. The school informed 10 individuals their positions were eliminated or offered them early retirement and reassigned one person to another office.
In other steps to cut costs, the college reduced the base salary for members of the president's cabinet, canceled the search for an in-house attorney, and put some elements of its plan to invest in programs on hold or canceled them altogether. Read more here.
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