Word: millions
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Dates: during 1960-1969
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Ford predicts a total expense of more than $45 million this year--more than twice the 1958-59 expense and an increase of 8 per cent over last year. However, since several expense items--most notably the athletic budget and the administrative costs for travel and office expenses--are staying constant or falling, there are a few areas that will rise much more sharply than the over-all 8 per cent. Ford's budget points out a few of the swelling costs: *Salaries for corporation appointees--professors and teaching fellows--will rise 10 per cent, to $13.9 million...
...Wages and pension costs for employees will rise 9 per cent, to $3.6 million...
...Funds for student aid will be up 14 per cent, to $5.6 million...
...Library expenses will also be up 14 per cent, to $1.5 million...
...BIGGEST jump, of course, is in salaries for corporation appointees. Part of the projected increase is illusory; Dean Ford always budgets salaries for every conceivable faculty post, but several departments never fill all their positions. Still, a good part of the $1.2 million rise--from $12.7 million last year to $13.9 million this year--is real, and seems to foreshadow an even larger growth next year...