September 22nd, 2019 | by CollegeAD

Washington State University says it’s back in the black after eliminating a $30 million deficit in its main operating budget, though the athletics department continues to overspend. The university said it closed the 2019 fiscal year, which ended June 30, with a balance of about $7.8 million, marking the first time it has broken even or had leftover funds since 2013. The board of regents credited President Kirk Schulz, who started the job in 2016, with a series of proposals aimed at raising donations and reducing spending. On Friday, the university said the department’s annual operating deficit was about $7.1 million in fiscal 2019, down from about $13.7 million in fiscal 2014. The department is on track to stop overspending by 2024, the university said. -Chad Sokol, The Spokesman-Review. Read More.

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