Oakland's Mills College declares financial emergency

Wednesday, May 17, 2017
OAKLAND, Calif. (KGO) -- For the first time in its 156-year history, Oakland's Mills College is declaring a financial emergency and warning of impending layoffs.

More than 30 staff and faculty positions could be slashed because of a projected $9.1 million deficit.
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The small liberal arts school is the Bay Area's only women's college.

The president of the college warns Mills is not generating enough revenue to support itself.
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Wednesday's declaration will allow Mills to restructure its expenses and move ahead with the layoffs.

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