Word: offsets
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Dates: during 1980-1989
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When Allison assumed the top post in 1977, the school was running a $200,000-per-year deficit. Making a temporary exception to the University's dictum that each school must raise its own funds, the University offset the school's deficit while Bok and Allison launched a fundraising campaign. During his first eight years as dean, Allison raised about $50 million for the school. Its endowment and capital plant now has an estimated worth of more than $100 million...
...what kind of bill will it be? The Senate and House measures have the same broad outline: each would lower and simplify income tax rates and offset the revenue loss by killing hundreds of exceptions and deductions. Yet they differ in dozens of all-important details. One example: the House bill preserves but the Senate measure ends for most people the deductibility of annual contributions to Individual Retirement Accounts. Should the Senate version prevail in conference, that one provision would cost taxpayers $25.5 billion over the next five years...
...employees, type was set by hand, and circulation fell shy of 6,500. Today the population is 134,800 and Spotsylvania is one of the fastest-growing counties in Virginia. Meanwhile, the Star has entered the high-tech age, with 23 computer terminals in the cramped newsroom and an offset printing press next door...
...recent years, the endowment income has begun accounting for a lower proportion of the University's budget. As a result, tuition has risen and begun accounting for a larger segment of the budget. Over the last 10 years, HMC reinvested income on the endowment to to help offset the inflation rate, but at the same time University expenses were growing and outstripping the amount of endowment income allocated to the general budget. The endowment, which paid for 22 percent of the University's expenses in 1974, only funded 18 percent last year. Tuition increases above the rate of inflation have...
...Senior Class Gift Committee traditionally solicits funds from graduating seniors to offset the burden of future financial aid programs and other College costs...