A fiscal report about four public universities in Connecticut shows a $457 million operating loss in 2019, despite increased state funding and higher tuition.
Part of the deficit for Central, Eastern, Southern and Western Connecticut State Universities is blamed on a steep rise in the cost of employee fringe benefits.
The report also cites declining enrollment numbers and “intense competition” in the higher education industry.
It’s the fourth year in a row enrollment has declined in the system.
