SPOKANE, Wash. -- The athletics budget at Washington State will continue to run deficits for the next four years, growing to $85.1 million, but the deficit is expected to stop growing by 2023, school officials said Thursday.
New athletic director Pat Chun and chief budget officer Joan King will present the deficit reduction plan to the school's Board of Regents on Friday, as required by a new state law.
The athletic department will focus first on getting its budget balanced, then build up reserves and finally repay the accumulated deficit in the future, they said.
The plan relies on increasing revenue by 27 percent in five years while continuing to contain expenses.