Word: smiths
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...same meeting, Smith projected that the 2011 fiscal year budget would see an additional 12 percent decrease in endowment payments to the school...
...bigger issue is a looming gap in fiscal year ’11,” Smith said yesterday, adding that he has entrusted FAS’ six working groups with the task of recommending budget cuts for the two-year period...
...million deficit in a few years is a huge challenge for any huge institution, even ours,” Smith said at yesterday’s forum. “Anything we can get in the early years will leave more room for us in the later years, as well as provide a cushion so we can make larger changes...and give us time to thoughtfully adapt...
Stephanie H. Kenen, associate dean of undergraduate education, expressed frustration with the task of devising cuts without fully understanding their “sense of scale,” or actual effects on the budget, and requested that Smith provide a guideline to help administrators better correlate cuts with numbers. Near Eastern Languages and Civilizations Professor Peter B. Machinist ’66, who expressed concern about the fate of “smaller humanistic fields” that may be in “some peril,” asked Smith to iterate his intellectual priorities...
...Though Smith avoided talking about his “own personal favorite priorities,” he noted that “it’s an unfortunate truth” that FAS would have to prioritize certain academic initiatives over others: “We can’t do it all under the current financial constraints we have,” he conceded...