Word: budgeteering
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Dates: during 1960-1969
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Under Hannah, M.S.U. has grown from a sleepy agricultural college of 6,390 students into a 5,000-acre "meg-aversity" with an enrollment of 42,541 and an annual budget of more than $100 million. Critics point out that Hannah began building the reputation of M.S.U. by building a championship football team, and that the school's freewheeling recruiting tactics earned N.C.A.A. censure in 1964. They sometimes overlook the fact that Hannah has also succeeded in recruiting many bright young professors by paying some of the highest beginning salaries of any Midwestern university...
...fact that was underscored last week by a Government survey predicting an increase in capital spending of nearly 14% in 1969, compared with only a 4% gain last year. To fight inflation, the Nixon Administration intends to extend the surtax, keep money tight and aim for a slight budget surplus-much the same policies that Lyndon Johnson pursued in his last days as President. Nixon will undoubtedly try to dispel the common belief that Republicans are irrevocably probusiness, especially since his overriding domestic goal is to "bring together" a nation that is already rent by too many divisions...
...newly-formed Harvard Polo Club, which numbers about a dozen enthusiasts, manages on a miniscule budget--a far cry from the Polo Clubs of the past. Gone are the days when young men would arrive at Harvard with strings of four or more polo ponies. The club now faces the grim spectre of poverty...
Gunness recently returned from Washington, D.C., where he conferred with officials of the Department of Health, Education and Welfare on the Federal aid program. Funds for these programs were sliced in the economy-minded budget for fiscal 1970 submitted by the outgoing Johnson Administration...
Though they may place a strain on the University's budget, the decreases in Federal aid are not likely to affect students here greatly, Gunness said. "We'll find alternative sources of funds. "We'll work it out somehow," he said...