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Wright State $6 million over budget on employee benefits

Wright State University is continuing to deal with financial problems as the school has so far overspent its budget for employee benefits by millions this year.

The university has spent $6 million on employee health benefits that were not planned for in its fiscal year 2018 budget, according to financial documents presented to the board of trustees in a meeting this morning. Trustees are expected to discuss the $6 million benefits overrun this morning.

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The surprise expense isn’t great news for Wright State, which is aiming to increase reserves by $6 million by June 30.

Wright State trustees in June slashed more than $30.8 million from the school’s budget in an attempt to begin correcting years of overspending.

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On top of the benefits costs, WSU officials have also been trying to remediate more than $5.9 million lost through enrollment declines and unexpected scholarship and fellowship costs of more than $1.5 million.

Administrators have said that they intended to make up those losses by leaving positions vacant at the school.

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