Loyola University president touts $11.5M savings plan
NEW ORLEANS - Loyola University New Orleans President Rev. Kevin Wildes has announced that he is planning to slice the university's spending by $11.5 million over the next five years.
Wildes estimates Loyola would actually need to cut $25 million from its budget over the same period, but he hops to fill that gap with tuition money and by lifting enrollment.
Loyola's faculty has largely backed the new budget proposal, having been consulted about the details before they were announced. But their feelings are mixed about whether Wildes should be the man to carry it out, with some pushing for a "no-confidence" vote on his ability to carry the plans out.
On Nov. 19, the University Senate decided to postpone a vote on Wildes' leadership until January.