EIU says cost-cutting measures sliced deficit to $1 million

CHARLESTON, Ill. (AP) — EIU President David Glassman says layoffs and furloughs have helped the school cut its budget deficit from $13 million to $1 million.

Glassman gave his State of the University address on Monday. The Mattoon Journal-Gazette and (Charleston) Times-Courier report he said cost-cutting isn’t over but any additional layoffs would be small.

EIU doesn’t have a state appropriation because GOP Gov. Bruce Rauner and Democratic leaders in the Illinois Legislature haven’t settled on a state budget for the current fiscal year.

Glassman also cut intercollegiate athletics’ funding by 20 percent, or $320,000, which athletic director Tom Michael said will have an impact but is necessary.

Glassman says EIU earned about $500,000 from enrollment increases and will receive another $400,000 by charging card holders credit card fees for tuition payments