SC State University is still having to make some tough decisions as they try to climb out of a more than 13 million dollar debt.
Columbia, SC (WLTX) - SC State University is still having to make some tough decisions as they try to climb out of a more than 13 million dollar debt.
For the first time since Governor Haley and the Budget and Control Board gave SC State a six million dollar loan to help with financial problems, President Elzey once again addressed the financial issues with the university to the legislative black caucus.
Elzey walked into a tough situation when he became president of the university, from misuse of funds by university employees to a whopping 13 million dollar debt.
To help with its budget SC State has had to lay off more than 100 employees, they also have a hiring and spending freeze on all university accounts.
Governor Haley and the Budget and control board gave the school a six million dollar loan and has already given the school $600,000 to meet this month's payroll.
Elzey says they will have a balanced budget next fiscal year but it will be rough and that means making even more cuts.
"Some of our athletic programs, we are going to reduce some more of our administrative positions, we are expecting more enrollment so that will help us. We will continue to reduce overtime on the campus, we will cut a lot of discretionary spending we will do what we have to do is tighten up the university," said Elzey.
Another problem that has plagued the universities finances is that enrollment is down from 4,800 students to barely more than 3,000 students.
Elzey has one promise for those who attend the university.
"I will commit to you that SC State no matter what happens from this process will emerge from this strong. It will emerge where we will be able to look each student in the eye and guarantee to them they will receive a quality education."
A bit of good news for the school today an Kenneth Ravenell a Baltimore Attorney and 1981 graduate of the university donated 100 thousand dollars to the school. There is no word on what the funds will be used for.