MU plans hiring freeze to counteract expected $32 million shortfall

The University of Missouri will not be filling any non-essential positions for the upcoming school year in an effort to address a $32 million budgetary shortfall, Interim Chancellor Hank Foley announced in an emailed memo Wednesday afternoon.

The university will also impose a 5 percent cut to all annual recurring general revenue budgets and will halt annual merit raises. The university will then address the remaining gap with reserves, according to the memo.

MU expects about 1,500 fewer students to enroll in the fall compared to current enrollment, which is the primary cause of the expected shortfall.

Read more: Columbia Missourian, St. Louis Business Journal

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