Home » NEWS » Education » Jackson State to cut budget and borrow money to aid finances

Jackson State to cut budget and borrow money to aid finances

Jackson State University will cut its next budget by nearly 8 percent and borrow $6 million as it continues to work through financial difficulties

The moves at Mississippi’s largest historically black university were approved Thursday by College Board trustees. The board also approved plans to eliminate nine departments through mergers and to downgrade the School of Journalism and Media Studies to a department.

The university is also laying off 42 non-faculty employees, suspending men’s and women’s golf teams for two years, and moving to close a branch campus in a Madison office building.

Former president Carolyn Meyers resigned last year, days after trustees intervened in Jackson State finances, citing dwindling cash reserves.

The school’s upcoming budget is supposed to produce a $3 million surplus to begin rebuilding reserves.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply