Word: deficits
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Facing a projected budgetary deficit of $220 million last year, the Faculty of Arts and Sciences had planned this spring to cut 8 to 10 percent of the College’s section leaders for the fall semester, which was projected to save around $2 million, according Logan S. McCarty, assistant dean of Harvard College. But because of changes in enrollment, it remains unclear four weeks into the semester how much money will actually be saved or how section sizes will change...
Facing a $110 million dollar budget deficit over the next two years, the Faculty of Arts and Sciences has unrolled a new online “Idea Bank” Web site that allows students, faculty, and staff to share anonymous proposals about ways to reduce expenses...
...Dean Michael D. Smith cited Kirwan’s “strong background” in fiscal management as a crucial quality she brings to her post in FAS, which is now facing a $110 million deficit...
Kirwan said that just as she has tried to make key investments at the state level in public education and healthcare in the face of gaping shortfalls, she hopes to confront the FAS’ remaining $110 million deficit as a challenge that requires her to both balance the budget and make “targeted investments...
...Senate Finance Committee has shown much more determination than House Democrats in holding the fiscal line. According to the official government accounting, which leaves out most of the systemic changes, the current House bill would moderately grow the deficit over the next 20 years, while the Senate Finance Committee bill would save nearly $1 trillion in the same period...