Antioch College Cuts Costs, Jobs

For the first time since reopening to students in 2011, Antioch College is reducing its budget, a move college leaders say is necessary to bring expenses in line with revenues that have grown more slowly than expected.  Antioch College President Tom Manley announced a series of spending cuts that will save the college about $1 million annually. These cuts include salary reductions for 23 college employees and the elimination of five staff positions.  The budget measures are part of an 18-month effort to lower the college’s spending.