Word: budgeting
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...look at things from the Cambridge side. The Harvard Corporation—the University's main governing body—does not have to plan for a balanced budget every year, as a state legislature does. So, it has cut funding for the Faculty of Arts and Sciences this year by 8 percent and will cut at least another 8 percent the following year, though FAS Dean Michael D. Smith is expecting 12 percent. If Dean Smith is right, that amounts to a 19 percent cut spread out over two years—not much better than the UC system...
...finance for the commonwealth of Massachusetts, as a crucial quality she brings to her post in an FAS now facing a $110 million deficit. As the secretary of administration and finance under Mass. Governor Deval L. Patrick ’78, Kirwan was responsible for developing the state capital budget and overseeing budgetary activities across the state government, according to Friday's announcement sent to FAS faculty and staff. Kirwan took the helm of the Massachusetts state budget when it was in crisis. She has helped Patrick close a series of daunting deficits in the past two years, including...
Thousands of students, faculty and staff boycotted classes and staged rallies across the 10-campus University of California on Thursday to protest dramatic cuts to the system's budget and proposed additional hikes in undergraduate fees. At UC Berkeley, the flagship campus and home to famous student protests during the turbulent 1960s, an estimated 5,000 students, professors and university staff attended a noon rally at Sproul Plaza during the system-wide "Day of Action." At UCLA, about 700 people gathered at Bruin Plaza and at normally placid U.C. Irvine approximately 500 people attended the noon rally. One protester held...
...University of California Regents, stung by a 20% cutback in state support due to the state budget crisis, are planning to increase student fees another 32%. The U.C. system must chop $637 million out of its budget this year following the agreement between Gov. Arnold Schwarzenegger and the legislature on how to close California's massive $26 billion shortfall in July. Many of the protesters believe the constant increase in fees over the past decade is endangering the university's mission as a public university that offers students an outstanding education at a cost that middle- and working-class families...
...just an economic crisis," says Shannon Steen, a U.C. Berkeley professor who helped form Save the University to protest cuts to the budget, "it's really a political crisis around the two-thirds rule in the legislature that holds the state hostage to a minority of legislators who are not doing what the people of California want." California is the only state in the nation that has a two-thirds requirement for the passage of tax increases and to pass a budget. These two rules are at the root of the state's chronic budget woes...