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St. Catharine College President William Huston said when he arrived on campus in 1997, payroll for the 36 full-time employees was $23,000 every two weeks.
Now, 15 years later, payroll is nearly $300,000 every two weeks to compensate the roughly 150 full-time and 50 part-time employees.
Huston also said the net assets of the college, or the worth of the college, was $85,000 in 1997.
“They had no buildings and no land,” he said. “What you saw was Lourdes Hall, and that had been depreciated out.”
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