Word: budgeter
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...Advanced Study to include other prominent givers from the Summers era. But when Harvard’s $36.9 billion endowment plunged an unprecedented 22 percent in the four months leading up to Oct. 31, the former head of Harvard’s smallest school—with an operating budget of under $20 million—found herself thrust into the spotlight as a public figure tasked with bringing together the University’s traditionally disparate schools. Over the past few months, Faust has found herself in a communicative role, in which she has had to bring all constituents?...
...While department heads scrambled to draft proposals for 15 percent cuts in their budgets in accordance with a December directive from Smith, the former cryptographic researcher emerged from the frenzy of the financial uncertainty as the “point person,” the man tasked with setting fiscal policies to close a gaping deficit. Sweet—who often flanks Smith in various meetings with FAS administrative deans—knows the numbers well enough to tell units how particular proposals for budget cuts will save, or perhaps even cost money...
...Since Smith warned the Faculty of severe budget reductions, Sweet has been advising the individual departments and centers through the budget planning process by providing guidance in line with fiscal recommendations from central administration, according to Brandt...
...dust settles after campus-wide uproar following Smith’s announcement last month of deep budget cuts amounting to $77 million, faculty, students, and staff have grown increasingly concerned about the next step—which promises to have an even greater impact...
...important to remember, however, that Harvard not only remains a great university, but that we must continue to move forward even in these challenging times. While the deep and likely prolonged nature of the downturn means that budget cutting must be widely distributed across many cherished programs, the deans are also keenly aware that we must be strategic, protecting essential investments, such as financial aid, and even growing in a small number of critically important areas. Indeed, several University-wide committees have been focused on how we can make Harvard stronger in priority areas in the near term, albeit with...