MSU to Incur Additional Expenses for 2014-2015 Fiscal Year

Sep 12, 2013

Credit ASSE Murray State University Student Section, Facebook

Murray State University interim President Tim Miller says MSU will appoint a budget task force to examine unexpected  expenses slated for the next fiscal year.

Miller expects the university to face an added $1.7 million dollars in state pension obligations, and an additional  $700,000 dollars in insurance costs for the new calendar year.

Part of the current fiscal year’s budget was based on a 1.5 percent enrollment increase. While numbers are not yet finalized, it appears that level of growth will not be reached.

This budget planning follows a nine month process where numerous campus groups worked to trim the university budget by nearly five million-dollars.