Word: budgetable
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...news was sobering University-wide. For the Faculty of Arts and Sciences, the University’s largest school, which comprises about a third of the union’s membership, the news was particularly bleak—FAS relies on endowment funding for over half of its annual budget, third-most among the University’s 11 schools. “A bad day,” Jaeger calls the date when the payout decision was announced. In fact, it was probably more than that: the first clear signal of how difficult it would be for HUCTW...
...over the Faculty, as its leadership struggles to confront an unprecedented budgetary quagmire. The concern reverberates all the more as the school finds itself in the hands of unseasoned administrators—unfamiliar with the sort of fiscal magicking needed to unite a disparate and confused Faculty behind deep budget cuts...
...says History of Art and Architecture Professor Jeffrey F. Hamburger, an outspoken regular at Faculty meetings. With the financial crisis rocking a school accustomed to expansion, it became increasingly clear that cutting coffee and cookies from afternoon meetings would do little to save the strapped FAS budget...
...solutions for the remaining $143 million deficit. When asked to explain the growth of the administration in the past few years, Smith reverts to stock optimism: “I’m a very forward-looking person,” he says. When asked to comment on budget plans that could impact a particular group of people, Smith responds by simply affirming his commitment to supporting them...
...administration’s vague responses and deflections may reflect a lack of any current plan. “I don’t think there’s some big proposal sitting in the wings that is the secret strategy for solving our budget shortfalls,” says Allan M. Brandt, dean of the Graduate School of Arts and Sciences...