» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
TDN Services
Research millions of people and properties [+]
Monitor any person, property or company [+]

Skip Navigation LinksHome >
VOL. 132 | NO. 120 | Friday, June 16, 2017

Jackson State to Cut Budget and Borrow Money to Aid Finances

By JEFF AMY, Associated Press

Print | Front Page | Email this story | Comments ()

JACKSON, Miss. (AP) – Jackson State University will cut its next budget by nearly 8 percent and borrow $6 million as it continues to work through financial difficulties

The moves at Mississippi's largest historically black university were approved Thursday by College Board trustees. The board also approved plans to eliminate nine departments through mergers and to downgrade the School of Journalism and Media Studies to a department.

The university is also laying off 42 non-faculty employees, suspending men's and women's golf teams for two years, and moving to close a branch campus in a Madison office building.

Former president Carolyn Meyers resigned last year, days after trustees intervened in Jackson State finances, citing dwindling cash reserves.

The school's upcoming budget is supposed to produce a $3 million surplus to begin rebuilding reserves.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 85 205 21,165
MORTGAGES 76 206 24,338
FORECLOSURE NOTICES 6 13 3,114
BUILDING PERMITS 183 321 43,755
BANKRUPTCIES 48 92 13,560
BUSINESS LICENSES 31 44 6,756
UTILITY CONNECTIONS 25 32 7,931
MARRIAGE LICENSES 22 41 4,775