Word: budgetable
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Hartford, Conn. – Question 1: Connecticut needs $8.8 billion to balance its budget. Should the state A) raise taxes or B) cut spending? Democrats, who control two-thirds of the legislature, say the answer is both of the above. But Governor Jodi Rell, a Republican, says raising taxes is the wrong choice. On prudence, Rell scores high: Raising taxes will slow the recovery, so the state should cut spending instead...
...spokeswoman Melodie Jackson said that while faculty and staff hiring has been roughly flat at HKS over the past five years, compensation and benefits still make up 59 percent of the School's operating budget. Prior to last week's layoffs, 498 staff worked at HKS, she said...
...result of these cost-cutting measures and the recent layoffs, "we believe our long-term budget is now sound," Ellwood wrote. He added that "barring any unexpected developments" and excluding normal staff attrition, he does not anticipate the need for further School-wide layoffs...
...Kennedy School drew a quarter of its operating budget from its endowment—roughly the same fraction seen at the Medical School but only half of that seen at the Faculty of Arts and Sciences. As of June 30 last year, the Kennedy School's endowment stood at $1.1 billion, although University administrators have for months projected a 30 percent decline in Harvard's total endowment over the course of this fiscal year. Current use gifts compose another 20 percent of the Kennedy School's budget—the largest amount at all of Harvard's schools, with...
...Human Rights Policy were launched largely through deficit spending. These initiatives had been paid for during economic booms by the growing endowment, but when the national economy slumped early in the decade, the expenditures coalesced into a deficit and forced HKS officials to take steps to eliminate the budget gap. Overhead costs, for everything from electricity bills to equipment, were furthermore magnified by the School's expansion...