Tag: Financial Crisis
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Alverno College Faces Financial Crisis: Programs Cut, Staff Reduced
Milwaukee, WI – Alverno College’s Board of Trustees has taken decisive action amidst financial turmoil, voting to declare a financial exigency and implementing significant academic restructuring. This includes reducing both undergraduate and graduate programs along with faculty and staff positions, aimed at securing the college’s financial stability. Board’s Proactive Measures The Board of Trustees at…
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Milwaukee Alderman Demands Answers from MPS Board
Milwaukee Alderman Scott Spiker, alongside concerned citizens, took a firm stand on Monday, June 10, addressing the pressing issues surrounding the Milwaukee Public Schools (MPS) Board and the upcoming 2024/25 budget. Demanding Transparency and Accountability Ald. Scott Spiker emphasized the urgency of the situation, demanding transparency and accountability from the MPS Board regarding its current…
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Governor Evers Calls for MPS Audits Amid Financial Crisis
In a bid to address ongoing financial troubles within Milwaukee Public Schools (MPS), Governor Tony Evers has urged for further audits, a move supported by Milwaukee Mayor Cavalier Johnson. The call for action comes amidst concerns over financial mismanagement and educational standards within the state’s largest school district. Mayor Johnson’s Support and Offer of Assistance…
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State Withholds MPS Financial Aid
Milwaukee Public Schools’ June financial aid faces temporary withholding by the state amid ongoing financial turmoil. The Wisconsin Department of Public Instruction (DPI) has informed MPS of the temporary hold on the district’s June Special Education Aid Payment, totaling $16,623,612. This decision comes after DPI’s revelation that MPS was over eight months late in submitting…
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Milwaukee School Board Deliberates Superintendent’s Future Amidst Financial Crisis
The fate of Milwaukee Public Schools (MPS) Superintendent Keith Posley hangs in the balance as the Milwaukee Board of School Directors convenes on Monday, June 3, to deliberate on his future, as indicated by the school board’s meeting agenda. Superintendent’s Future in Question The agenda outlines the possibility of the board entering closed session to…
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MPS Budget Meeting Erupts in Controversy
The Milwaukee Public Schools’ board meeting, slated to discuss a $1.5 billion budget proposal, spiraled into chaos as community members demanded answers regarding a damning state report. Financial Delinquency Threatens State Aid In a letter addressed to MPS Superintendent Keith Posley, the Wisconsin Department of Public Instruction (DPI) revealed that MPS is months overdue in…
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Memphis Area Transit Authority Faces $60 Million Deficit
Memphis, Tenn. – The Memphis Area Transit Authority (MATA) has found itself grappling with a significant financial challenge, with a staggering $60 million deficit coming to light, as reported by NEWS.ORG 13. The revelation, unveiled by MATA’s Interim CEO Bacarra Mauldin, has sent shockwaves through the transportation sector in the Mid-South region. Financial Crisis Uncovered…
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University of Arizona President Requests Salary Reduction Amid Financial Crisis
In a move signaling commitment to resolving the University of Arizona’s financial crisis, President Robert Robbins has voluntarily requested a salary reduction. The decision comes as the institution grapples with a staggering $177 million budget shortfall resulting from a miscalculation of cash reserves. President’s Initiative Robbins, a central figure in the university’s financial woes, proposed…
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Nassau University Medical Center Faces Financial Crisis
LONG ISLAND – Nassau County’s only public hospital, Nassau University Medical Center, is on the brink of financial collapse, with reports indicating it could run out of funds by the end of the month. Financial Struggles Revealed An external consultant’s report on Nassau Health Care Corp (NHCC), which oversees the medical center, disclosed staggering losses…
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Arizona Board of Regents Cuts University of Arizona President’s Salary Amid Financial Crisis
TUCSON, Ariz. – In response to the financial crisis facing the University of Arizona (UA), the Arizona Board of Regents has decided to implement significant measures, including a reduction in President Robert Robbins’ salary by ten percent and the elimination of his individual at-risk and multiple-year performance compensation. Commitment to Financial Recovery The decision reflects…
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Arizona Governor Demands Meeting Over University of Arizona’s $177 Million Deficit
TUCSON, Ariz. (KGUN) — The University of Arizona (UA) and the Arizona Board of Regents (ABOR) are under intense scrutiny as they grapple with the university’s staggering $177 million deficit. Amidst this financial crisis, Governor Katie Hobbs is demanding an in-person meeting with ABOR and university President Dr. Robert Robbins to address the situation. Governor’s…
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Governor Demands Meeting Over University of Arizona Financial Crisis
Arizona Governor Katie Hobbs demands an urgent in-person meeting with the Arizona Board of Regents (ABOR) and University of Arizona (UA) President Dr. Robert Robbins amid ongoing financial turmoil at UA. Background: UA’s $177 Million Deficit The University of Arizona is grappling with a significant deficit of $177 million. This financial crisis has prompted concerns…
