Brown faces $46 million finances deficit

By[email protected]

Brown College, one of many nation’s wealthiest establishments, is going through a $46 million structural deficit, prompting efforts to restrict development in hiring and doctoral applications. “With out modifications to the best way Brown operates, the structural deficit is anticipated to proceed to deepen considerably, together with a deficit subsequent yr that will develop to greater…

Tennessee State could possibly be heading towards a $46M deficit

By[email protected]

Tennessee State College is in deep monetary hassle. Auditors instructed the Board of Trustees final week that the traditionally Black land-grant college would have a $46 million deficit by the top of the yr with out monetary assist, NewsChannel5 reported. Every week earlier, college officers instructed the state comptroller the college couldn’t make November payroll and…