This content is restricted to site members. You need to subscribe. $21.50 for one year, $35 for two years. You also receive three free guide with their subscription – CNY Summer Guide, CNY Winter Guide and CNY Business Guide. If you are an existing user, please log in. New users may register below.
For the most part, CNY colleges have weathered the financial woes brought by the pandemic By Deborah Jeanne Sergeant Lyons Like many other organizations, the pandemic has caused colleges and universities to look more closely at their budgets as costs have increased and revenues have dipped or remained stagnant. Local colleges have instituted hiring freezes, canceled educational trips and winter intercollegiate athletic programs and postponed purchase of expensive equipment, to mention a few of the actions administrators have taken to stay financially viable during the pandemic. When the pandemic began, Le Moyne College was enjoying solid enrollment and financial security, according to Joe Della Posta, a college representative. Those factors have helped the school weather the pandemic and “deal with the many implications and expenses that have resulted from COVID-19,” Della Posta said. “While we have instituted a hiring freeze and reduced discretionary spending, we didn’t have to cut any programs or student-focused services.” That is significant, considering schools nationwide — such as Stanford, George Washington University, Brown University, Darthmouth College and many more — have cut between two to 11 sports programs each, according to a story posted on NBC News’ website. To help address their budget issues, some