USM in dire financial straits, suggests education surcharge
~ Govt to raise subsidy in 2016 ~
PHILIPSBURG--University of St. Martin (USM) outlined its dire financial situation on Wednesday, showing that the institution has been operating at an average deficit of some US $159,000 per annum over the past five years.
USM Manager of Finances and Operations Robert Budike painted the grim picture during a meeting of Parliament’s Permanent Committee on Education and Youth.
Budike suggested that an education surcharge similar to the St Read more
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