WSU budgets portrayed finances as ‘strong’ while school lost millions

From 2012 through 2015, Wright State University administrators presented budget documents to trustees that projected a blossoming financial future.

At least three times in the fiscal year 2015 budget proposal, the university’s chief finance officer referred to the school’s finances as “strong.”

But a Dayton Daily News examination of financial data from the university found that it was losing millions of dollars a year even while pitching rosy forecasts to board members.

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Two of those board members now acknowledge they were unaware of how much red ink was being hemorrhaged by the university.

Read the Dayton Daily News investigation HERE.

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