Budgets
Harvard Presents Allston Updates
As Harvard moves forward in its planning for Allston, the University updated community members on its progress at a Harvard-Allston Task Force meeting on Monday. But the announcement elicited much skepticism from residents, who said they felt the update lacked crucial details and a sufficient commitment from the University.
FY 2011 Budget Deficit Climbs
The University closed the 2011 fiscal year with a $130 million deficit on $3.9 billion in expenses, a significant jump from the last year’s annual deficit of $900,000, according to Harvard’s annual financial report.
Garber Prioritizes Library Reform
Having joined Harvard only a few months ago, Provost Alan M. Garber ’76 called reforming the Harvard University Library system his “number one” priority at Tuesday’s meeting of the Faculty of Arts and Sciences.
FAS Deficit Down by Half, to $16 Million
The new deficit figure was revealed at a meeting late last week with Leslie A. Kirwan, dean of Administration and Finance for FAS. Dean of FAS Michael D. Smith is expected to announce the number at the Oct. 4 Faculty meeting, according to FAS spokesperson Jeff Neal.
FAS Dean Expected To Give Financial Update
Many faculty members say they hope next year’s budget will address the needs of growing departments, several of which say they have been short-staffed in recent years.
FAS Beats National Faculty Salaries
While a recently-released report from the American Association of University Professors indicated that across the board faculty salaries still reflect a depressed fiscal environment, professors in Harvard’s Faculty of Arts and Sciences will continue to receive 2 percent annual salary increases.
Growing Sociology Dept. Struggles Amidst Tight FAS Budget
As the Faculty of Arts and Sciences continues to recover from the impact of the financial crisis, a growing Sociology Department remains constrained by a faculty size that has not kept pace with the rise in undergraduate concentrators.
FAS Approaches End of Deficit
Compared to peer institutions like Yale and Princeton, FAS has reduced its deficit, which today stands around $35 million, more efficiently than other universities.
Children’s Hospital Faces Budget Cuts
Children’s Hospital Boston, an affiliate of Harvard Medical School, stands to lose $21 million in funding for the training of new pediatricians if President Obama’s tightened budget proposal passes in Congress for the 2012 fiscal year.
Classics Department Faces Faculty Gaps
Faced with the recent departure of about a quarter of its faculty, the Classics Department expects that it will take several years to fill the positions, according to Classics Department Chair John M. Duffy.
Just $35 Million to Go
It is a tremendous relief to see that the projected deficit this academic year is only $35 million. This is an extraordinary feat.
Yale Cuts Undergraduate Teaching Program Due To Budget
Yale announced last month that it can no longer support its undergraduate teacher training program, citing high operating costs and low enrollment.
FAS Deficit On the Road Toward Recovery
On the road toward recovery, the Faculty of Arts and Sciences has pared down its once-looming deficit to about $50 million, FAS Dean Michael D. Smith said yesterday. Setting a positive tone at the last Faculty meeting of the year, Smith announced that the budget deficit now stands between $50 to $55 million—a roughly $30 million reduction in the deficit since February.
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Member of the Harvard Student Labor Action Movement lead a group of 30 demonstrators advocating for better treatment of Harvard workers through the Yard yesterday.
