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.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
10% cut is $96k
ReplyDeleteHow is ever going to make it! Tears in my eyes!
Tighten that belt college boy.
ReplyDeleteAttention, 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.
ReplyDeleteThat'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.
ReplyDelete