PHILADELPHIA (KYW Newsradio) — Temple University's president says layoffs are "inevitable" as the school tries to close an $85 million deficit due to falling enrollment.
President John Fry said his goal is to return the school to a balanced budget within three years.
The first step is cutting $60 million. He says he sent every school, college and administrative unit a "budget reduction target."
Some faculty, he says, have already accepted early retirement and some vacant positions have been eliminated.
There are some encouraging signs of a turnaround in enrollment.
Fry says first-year and transfer deposits are up year-over-year.
