COVINGTON — Georgia Perimeter College President Anthony Tricoli has stepped down over financial problems that led to the two-year institution being $16 million in the red.
University System of Georgia Chancellor Hank Huckaby announced Monday that the college's budget will be balanced by canceling contracts, freezing hiring and suspending purchases. He said the university system also will contribute money to help fill the hole.
But Huckaby said the shortfall will carry over into next year, which likely will mean staff cuts and other measures to limit spending. He said the college needed a "fresh approach."
Dr. Alan Jackson, Vice President of Academic Affairs at GPC, will serve as acting president until Huckaby appoints an interim president "in a few days to move GPC past this difficult moment," Huckaby said in a statement.
Huckaby said Tricoli will move to the university system office to help with distance education and other programs. Tricoli became president of GPC in 2007; he is the sixth president of GPC.
The college is the third largest institution of the USG, serving approximately 27,000 students through four campuses in Clarkston, Decatur, Dunwoody and Newton, as well as several sites in metro Atlanta, including an Alpharetta center and partnerships at the Rockdale Career Academy in Conyers and the Newton College & Career Academy in Covington.
The Associated Press contributed to this report.
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