EDITORIAL: HSU’s financial woes

From magnoliareporter.com

Our friend Joel Phelps of The Arkadelphian broke the news last week that Henderson State University’s new chancellor, Chuck Ambrose, was announcing several money-saving measures. In his letter to the Henderson community, Ambrose laid out the problem. “If we do not immediately change course, we currently project HSU will incur a cash shortfall of $12.5 million between now and June 30, 2022, which means that we will be unable to service our debts, pay our bills and have sufficient funds for payroll.

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