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Economic downturn forces budget reductions at SBTS
December 18, 2008
By David Roach

The recent downturn in America’s economy has prompted budget reductions at The Southern Baptist Theological Seminary, R. Albert Mohler Jr. said Dec. 15 in a letter to the seminary community.

The seminary’s Executive Strategy Group, consisting of President Mohler and the three senior vice presidents, has reduced the current seminary budget by $1.7 million. Mohler projected between $800,000 and $1.5 million in additional reductions over the next several months.
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