Administrators at the College of Santa Fe are developing plans that could include laying off as much as 20 percent of the school’s faculty.
The plans also could include eliminating a number of liberal arts degree programs.
College President Stuart Kirk says the plans are intended to address budget deficits that have ranged from $2 million to $4 million during the past four years.
He says the private, not-for-profit college needs to raise $6 million to $7 million this year to balance it’s budget — nearly a quarter of the $27 million it takes to run the school.
The college has depended on real-estate deals or borrowed money to help cover budget shortfalls in recent years.
Information from: The Santa Fe New Mexican, http://www.sfnewmexican.com
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