University of South Carolina plans for financial impact of COVID-19

The Financial Committee of the University of South Carolina Board of Trustees met Thursday morning to review the financial impact of the COVID-19 pandemic on the institution before assembling a budget for the 2021 fiscal year. The deadline for submitting the budget is June 1. USC President Bob Caslen opened the meeting, going over recent actions — voluntary pay reduction, deferred merit raises for faculty and deferred construction — and in the…