Word: budgeting
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...need to conserve the services that are absolutely necessary to our economy,” said State Senator Mary Ann Handley, a Democrat. But which services are “necessary”? Though Democrats sliced $2 billion from the budget, they saved items that were less than essential, like $12 million for the Commission on Human Rights and Opportunities and $1 million for the Latino and Puerto Rican Affairs Commission. When the state is losing money, it should keep the agencies that provide services, not the commissions that provide forums...
Through the latest staff reductions and other cost-cutting initiatives, HBS has trimmed roughly $40 million from its budget, according to HBS spokesman Brian C. Kenny. In their letter, Light and Crispi expressed hopes that no further layoffs would be necessary, but noted that new hiring would be closely monitored...
...While its expenditures have been relatively conservative in past years, the Law School remains dependent on endowment revenue for 37 percent of its operating budget. A payout decline of $19 million would represent over 10 percent of the School's current budget, and earlier this spring, the Law School's departments were each directed to cut costs by about 10 percent...
...This past spring, 25 of 72 eligible Law School employees accepted buyouts from the University. Administrators further reduced the personnel budget by eliminating some vacant positions and visiting faculty appointments, freezing faculty and non-union staff salaries, and slashing faculty allowances. Professors and senior administrators have also pledged several hundred thousand dollars in donations to help offset the budget...
...Dean Elena Kagan, who stepped down after being confirmed as U.S. Solicitor General, Jackson took an unusually active role in shaping the Law School during his brief three month deanship. Kagan departed in March without making any budgetary announcements to the Law School community, and due to the tight budget approval timeline, the decision fell to Jackson to move forward with involuntary workforce cuts...