Word: deficits
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Dates: during 2000-2009
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...Kennedy School eliminated 30 administrative positions and 17 adjunct faculty positions, half through staff attrition and half through direct layoffs, to help close a $5.6 million deficit exposed during the bear market...
...increased its number of faculty positions in the late 1990s and early 2000s by almost 40 percent, and new programs such as the Center for Public Leadership and the Carr Center for Human Rights Policy were launched largely through deficit spending. These initiatives had been paid for during economic booms by the growing endowment, but when the national economy slumped early in the decade, the expenditures coalesced into a deficit and forced HKS officials to take steps to eliminate the budget gap. Overhead costs, for everything from electricity bills to equipment, were furthermore magnified by the School's expansion...
...slashing its full-time faculty by 11 percent over two years, hiking tuition, stepping up fundraising efforts, and slicing administrative budgets by 5 to 15 percent, HKS managed to dramatically eliminate its deficit in a short amount of time. By 2004, the School had achieved a $1.1 million surplus, and in 2005, it recorded a $3.6 million surplus...
...student social space in order to reduce costs, and House libraries have been forced to trim employment hours and restrict student hiring to meet a mandated 25 percent House budget reduction.The library cuts as well as others in FAS come as a result of a projected $220 million annual deficit by fiscal year 2011. Recent cuts account for only $77 million of that total, which FAS Dean Michael D. Smith says must be eliminated over the next two years.The budget shortfall is the result of an anticipated $125 million reduction in the payout from the University's endowment...
...meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...