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State talks of buying Lambuth University

Source: Posted By: Aidan P...4813 days ago

“We just found out about this issue Tuesday,” said Alicia Russell, director of university relations. “We did not contact the governor’s office at any point about this. We did not ask (Gov. Phil Bredesen) to do this, but he is.”

But despite a $7 million deficit at the beginning of this fiscal year, Lambuth officials say they don’t expect to close anytime soon. Thanks to budget cuts, layoffs and donations, the university in Jackson, Tenn., should start their new fiscal year in July with a balanced....

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