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Higher Ed Watch: Clemson University’s Financial Position Is Getting Worse
Taxpayer-funded red ink rising in Tigertown…
Taxpayer-funded red ink rising in Tigertown…
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8 comments
But wait, big time football brings in all kinds of money that supports the WHOLLLLLLLLLLE university….
Trade schools are critical. NYS had a superb trade school network & systematically shut them down to favor brain-washing colleges awarding worthless degrees. Trade schools are, indeed, mission critical.
As usual DEI is the Boogeyman.
In a way, this story is a big yawn….Clemson could cut 3.5% of its vast budget to address what Petillo says is the projected shortfall and barely anyone would notice the pinch except maybe the various BS indoctrination programs like “intersectionality of climate change and racism” or “indigenous queer history” and some QC cost cutting in pending construction projects. But the mounting debt posture is concerning. Despite that, the flagship universities have the best lobbyists in the state – they know how to get the extra $$$ to improve their posture.
Clempson has a 1 billion dollar endowment. They can operate a long time on just the interest. However, despite all the “orange powered” braggadocio, Clemmens has the smallest endowment in the not so mighty ACC.
State colleges should be trade schools, focused on STEM and education. There is no reason for Clem’s son to offer a degree in women’s studies.
Stay in your lane Col.– Cooking chicken & calling Paul Finebaum. Finance just aint your thing
Great analysis. You forgot to mention that Provost is also suddenly retiring now. Talk about administrative bloat and administrative efficiency in this “premier” institution.
And it is still continuing. Was just told that all projects are on hold unless it is necessary for building maintenance. This includes previously budgeted and already funded projects. They need to hold onto all cash on hand. It is looking bad. All spending is on hold for at least the full fiscal year (Ends June 26)