' If we don’t get our appropriation early, we can run out of cash before we develop a rightsizing plan.”
Leaders at cash-strapped New Jersey City University painted a grim financial picture Monday when they provided details of a “right-sizing” plan that includes asking for all its state budget funding up front and an exit from the Fort Monmouth campus.
School officials, speaking at the regular Board of Trustees meeting, also said part of the second phase of the austerity plan entails asking the state for an additional $35 million in American Rescue Plan funding, on top of the $10 million it has requested in additional state aid. Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
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