Jackson State President Quits Amid Financial Questions

money

 

JACKSON, Miss. (AP) – Jackson State University’s president is resigning after trustees intervened in the university’s finances.

In a letter dated Monday and released Tuesday, Carolyn Meyers says she will resign effective Nov. 1.

The announcement comes after the College Board hired an accounting firm to oversee university finances, saying spending was exceeding revenue and JSU’s cash reserves were running low. As of June 30, JSU had $4 million in cash on hand, down from $37 million in 2012. The university has announced a plan to rebuild reserves.

Enrollment at the historically black university grew strongly under Meyers, president at JSU since 2011, rising to nearly 10,000 students. But she was also dogged by lawsuits from former employees who claimed Meyers and Athletic Director Vivian Fuller had mistreated them.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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