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Posted: Jun 23, 2018 4:14 AMUpdated: Jun 23, 2018 4:14 AM

OU Considering Possible Layoffs

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Charlie Taraboletti
University of Oklahoma's incoming president says the school could see layoffs as it faces a $15 million operating loss for the coming fiscal year.
 
     Jim Gallogly told the Tulsa World on Thursday that he may have the university look at non-faculty staff for more efficiency when fixing the fiscal hole he'll inherit after taking over as president July 1.
 
     The university's Board of Regents has passed a preliminary budget, but Gallogly says he plans to revise it when he assumes the job.
 
     Financial documents show payroll is among the university's largest expenses. The school spent $547.4 million in compensation and benefits for fiscal 2017, up from the previous year's $513.5 million.
 
     Gallogly says he'll "hold the line" on tuition after years of increases to raise revenue.

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