$26.7 million in the red?

[K92]

UA gives employees the chance to cut their work schedules.

I hope we have a plan B...

[skip-zip]

The bottom of the article mentions the problem with complying with the mandates that are yet to come regarding Obamacare, which came out in another article recently.

I hope this all stops the bleeding, to some extent.

[Hilltopper]

This is why we aren't getting an arena anytime soon.

[GP1]

I hope we have a plan B...

+1

My goodness, this looks bad, but may not be that bad. If all non-union employees cut their salaries by 25% then they save roughtly $1 million. That's only roughly 4% of what they need to cut.

I'm interested to see if the other MAC schools are having the same problems. Like I said, someone is going to have to pay for the building process and it is going to be the taxpayers. Not that much per tax payer though. The workforce in Ohio is 5.9 million (source). After voluntary cuts, the number in the red is roughly $25 million. That means each taxpayer in Ohio is going to have to pay an additional $4.23 to bridge the gap. If everyone out there is OK with that, it's fine by me because I no longer pay Ohio taxes. In addition, many on this board have championed the "building process" for a number of years now, so the additional tax hit would probably feel good to them.