The University System of Maryland's chancellor announced he is taking a 10% pay cut and warned that employees could face furloughs, pay reductions or layoffs as the system struggles to close a budget shortfall caused by the coronavirus pandemic.
Chancellor Jay Perman laid out the temporary cut to his $960,744 salary in a statement Wednesday.
The university system expected its revenue would fall $500 million short of estimates for the budget year ending next summer, which could mean reductions in operating expenses, hiring freezes, furloughs, temporary salary reductions and layoffs, officials said.
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4 comments:
10% cut is $96k
How is ever going to make it! Tears in my eyes!
Tighten that belt college boy.
Attention, Gov. Hogan: You seem like a regular guy, so I'll make you a deal: I'll do the guy's job for a mere $750k.
That's right. Let's layoff all these libutard POS who HATE AMERICA. Let them collect a measly 300 hundred a week. While people in pennsylvania, Virginia and Delaware are making twice that. Tell me Hogan and his libutard buddies are lining their pockets.
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