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...York have told us they are considering moving to Connecticut for lower taxes. We need to keep the state competitive,” said Sawyer. And there’s no guarantee the surcharge will be temporary. For the next two years, federal stimulus money will fund 17 percent of the deficit. Extra credit: What happens when that money disappears...
...Business School's financial organization is unique among Harvard's schools. Typically, over 50 percent of the School's revenue comes from publishing and executive education programs. Both will likely generate less income this year, Kenny said...
...addition to the layoffs, 42 out of 103 eligible HBS employees took early retirement incentive packages from the University this past spring—a participation rate of over 40 percent, the highest out of all the University's schools. The letter also noted that roughly 50 temporary and contract workers, mainly in operations and facilities, will not have their contracts renewed for fiscal year 2010—which begins today—and others will leave the school through "normal attrition...
Harvard Law School laid off 12 staff members last week as part of its effort to reduce the size of its workforce by about 10 percent, acting Dean Howell E. Jackson announced in an e-mail to the Law School community last Tuesday...
...While its expenditures have been relatively conservative in past years, the Law School remains dependent on endowment revenue for 37 percent of its operating budget. A payout decline of $19 million would represent over 10 percent of the School's current budget, and earlier this spring, the Law School's departments were each directed to cut costs by about 10 percent...