From today's Vindy.....
Youngstown State University is facing a roughly $3 million shortfall in funding this year due to a delay in funding from the state.
The lapse is because the state can't afford to make 12 monthly payments to public universities this year.
"They've said they'll try to restore the payment early next year," said Eugene Grilli, YSU's vice president for finance and administration.
The total shortfall for higher education across the state is about $127.5 million. It's just less than $3 million for YSU, about 2 percent of the university's overall budget. It's about a 6 percent cut to YSU's state funding.
Universities learned of the lapse last week, he said.
At Kent State University, the delayed payment is just more than $9 million for all campuses, Emily Vincent, university spokeswoman, said in an email.
The Kent campus is $6.87 million, and the total for the regional campuses is $2.15 million. It amounts to about 6.6 percent of KSU's fiscal-year 2011 state-appropriation budget and just less than 2 percent of its unrestricted educational and general budget.
Of more concern for YSU, though, is funding for fiscal year 2012.
"We're just facing a lot of uncertainty right now," Grilli said.
This is what you will continue to see if Ted Strickland is re-elected governor. More cuts and cuts and cuts. We need an Ohio governor will will raise the necessary revenues to support higher education.
Dennis S. Spisak-Green Party of Ohio Nominee for Governor
www.votespisak.org/governor/
for more info-contact 330-503-1407