The Chronicle of Higher Education
By Charles Huckabee
May 16, 2017
Mills College, a liberal-arts institution for women in Oakland, Calif., declared a financial emergency on Tuesday as a first step toward dealing with financial challenges, including a projected $9.1-million deficit in the coming fiscal year.
In a news release and in a statement emailed to faculty, staff, and students on Tuesday afternoon, the college described the Board of Trustees' approval of the declaration of emergency as a step that authorizes Mills to restructure all of its expenses in pursuit of financial stability.
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