Boulder's Buddhist-inspired Naropa University needs to cut about $1.2 million from its budget, which could spell layoffs and a consolidation of programs at the private college.
"It is likely there will be layoffs," said Stuart Sigman, vice president for academic affairs.
Jobs could also be eliminated through attrition, Sigman said, and as positions come open the school will review whether they could be eliminated.
Enrollment figures and donations to Naropa are on track with previous years, according to the school, but President Stuart Lord decided that permanent adjustments need to be made to balance the school's $22 million operational budget.
More than 1,000 students are enrolled at the university this year.
Lord, who started at Naropa on July 1, appointed Sigman and Sue Evans, vice president of business and finance, to work with the University Budget Committee to prepare recommendations for cuts by April. The cuts will take effect in the 2010-2011 fiscal year that begins July 1.
"Throughout the process, we will seek Naropa's collective wisdom from across the university community, and we will meet with and review all departments, both administrative and academic, for opportunities to reduce costs," Lord said in a news release.
Contact Camera Staff Writer Brittany Anas at 303-473-1132 or firstname.lastname@example.org.