SC State Declares Financial Emergency

SC State Declares Financial Emergency (Image 1)

The new trustees at South Carolina State University have declared a financial emergency at the school that will allow administers to make deep cuts in programs, faculty and workers.

The trustees approved the declaration of financial exigency at the end of their board meeting Wednesday.

In a statement announcing the decision, board chairman Charles Way says he is confident acting President Franklin Evans and other administrators can make strategic cuts instead of just slashing across the board.

SC State is more than $20 million in debt as it failed to cut expenses as enrollment at the state’s only public historically black school plummeted.

The school did find out last week that it will remain on probation instead of losing its accreditation.

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