Word: deficit
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...meeting, led by FAS Dean Michael D. Smith, helped to articulate the nebulous financial condition of the university to staff and faculty members who will be heavily impacted by the situation. He discussed pressing issues surrounding the $220 million deficit that FAS is expected to run for the next two years. Ever since last month’s announcement that endowment funding for Harvard schools will drop by a steep eight percent, there has been much confusion about what changes will proceed in the immediate future. Fortunately, Tuesday’s meeting helped remove the opacity that normally characterizes Harvard?...
...Next year’s projected deficit of $130 million has been compounded by last month’s announcement that endowment funding for Harvard schools—which contributed 56 percent of the FAS budget this year—will fall 8 percent for the next two years, raising the two-year deficit even higher...
...already achieved $4 million of savings in the past six months, and proposals for 15 percent cuts submitted by departments and units would produce a $73 million reduction if approved for the next academic year. But the cuts would eliminate only one third of the overall deficit facing...
...some attendants said that the town hall meeting provided insight into the severity of the FAS deficit...
...Villiers, who heads the traditionalist Hunting, Fishing, Nature and Tradition (CPNT) parties. And Libertas is vague about its policies. Its website only lists a few slogans about opening up the E.U., and it has yet to unveil a manifesto. Apart from his attacks on the E.U.'s democratic deficit, Ganley has little to say about the issues that are most pressing in voters' minds, like jobs, economic recovery, and climate change...