Word: deficiteer
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Dates: during 1960-1969
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...problem is painfully clear in enrollment figures. Statewide, the Democratic lead of 196,000 six years ago has turned into a deficit of 53,000 in Philadelphia's Negro and Jewish wards, Republican enrollment used to run 20% at most. Now the G.O.P. commands up to 35% in these areas. In industrial centers, union chiefs are no longer able to dictate the political loyalties of 1,450,000 members...
Ford's budget report also showed that the Faculty had a surplus of more than $1 million for 1967-68, even though Ford had predicted a deficit last year...
...unexpected surplus last year, Ford said, came from "a better recovery than we had anticipated." But the 1968-69 budget will be much harder to rescue from its projected deficit than last year's was, he added...
...projected $2.4 million deficit actually occurs, Ford said, the Faculty's "departmental balance" will not be enough to cover the deficit. The departmental balance is a reserve fund--of some $500,000--saved from Faculty surpluses, which can be used to make up any year's deficit. The last time the Faculty had a deficit-- one of $131,000 in 1966-67--the departmental balance was used to cover...
...Faculty will probably have to borrow from the University Treasury if the 1968-69 deficit is larger than $500,000, Ford said. "We either have to borrow from them," he said after the meeting, "or else dip into unrestricted endowment--and that is something that northeastern universities are notably reluctant...