Ahead of collective bargaining, administration and faculty mull financial picture
Sept. 1 is the deadline for a new multiyear Agreement between the university and the local chapter of the American Association of University Professors (AAUP). Since last September, The Rider News has reported the views of administration and faculty on how Rider is positioned financially.
At his opening Convocation, President Mordechai Rozanski reported that enrollment was below expectations and budget cuts were needed, including a $50,000 cut to his own pay. He followed that speech with a series of presentations to all major divisions, lowering projections.
The union responded with its own take on the situation, and it has been back and forth ever since. There have been some points of agreement:
• In recent years, considerable money — about $140 million — has been shifted from reserves, operations, fundraising and bond proceeds into new and improved buildings on both campuses, and this was a good and necessary thing.
• Strong enrollment must be maintained because of Rider’s dependence on tuition.
• Rider’s financial challenges are shared by other colleges across the nation, private and public, and that in many ways Rider enjoys advantages over competitors.
On other points, administration and faculty cite mostly the same data but differ in interpretation. This chart represents an effort to clarify, in the parties’ own words, some differences that remain. For the full, detailed version of this chart, including additional subtopics, go to TheRiderNews.com.
The editors thank the lead writers, Vice President for Finance and Treasurer Julie Karns for the administration, and Contract Administrator Dr. Jeffrey Halpern for the AAUP, and all others who helped.
A condensed version of highlights of the positions of each side appeared in The Rider News on April 2, 2014. The complete documents of each party by subtopic are: AAUP study; AAUP consultant’s financial analysis; Moody’s outlook; faculty pay; administrative pay; dependence on tuition; the overall situation; and goals.