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Harvard Medical School officials said Friday that they have asked all of the school??s departments to plan to cut 10 percent of their academic and administrative budgets for the next 18 months in response to financial pressures resulting from a deteriorating fiscal picture for the University...
...actual level of spending reductions and the areas in which they will be made have not been determined yet, the school??s executive dean for administration, Daniel G. Ennis, said in an e-mailed statement...
...making those decisions, Ennis wrote, each department will be “guided by the school??s teaching and research mission,” as well as the priorities identified by the strategic planning report released in late November, concluding the first phase of a process launched last fall...
...Ennis noted that the budget cuts do not apply to spending supported by research grants from federal or private sources, which total about 28 percent of the Medical School??s $798 million budget for fiscal year 2007. [SEE CORRECTION BELOW...
Additionally, the Medical School will not be able to slow spending on its fixed, non-discretionary expenditures, such as repayments on debt that was floated to fund the school??s capital projects for new construction and renovation...