“The hope is that the proceeds from the sale of that building will allow us to pay off a significant part of our debt," Medical School Dean George Q. Daley ’82 said.
Cambridge city councillors lauded a recently proposed $574 million city budget for the 2017 fiscal year that appropriated millions of dollars for projects in Harvard Square, and increased educational funding while holding property taxes relatively steady.
For the city's first participatory budget, Cambridge residents 12 and up will be able to vote on projects proposed by residents for city improvements.
Members of the committee that recommended controversial changes to Harvard’s non-union health benefits plan said it will likely change in the future.
Harvard’s small surplus is a move into the black after recent years of deficits large and small. The progress was largely fueled by the first public year of fundraising for the Harvard Campaign.
Eliot House Committee leaders agreed midday Thursday to allow their proposed budget to be published by the Undergraduate Council alongside other House committee budgets, but only after a tense back-and-forth.
The University will significantly restructure the benefit plans it offers to non-union employees, cutting premiums but introducing, for the first time, a deductible at the point of care.
The day before Undergraduate Council leaders plan to ask University President Drew G. Faust for $250,000 in additional funding, Interim Dean of the College Donald H. Pfister said that “it makes sense” to give the UC more money to fund student groups.
Harvard’s financial report for the 2013 fiscal year paints a picture of a University that has recovered significantly from losses suffered during the recent financial crisis but is still looking with anticipation to the Harvard Campaign for relief, if not for a complete solution to all financial difficulties.
With the Undergraduate Council’s budget constrained and its ability to fund student organizations increasingly limited, some club sports groups on campus have received less UC funding this year than expected and have had to make spending cuts or raise fees to adjust.
The Harvard Political Review released the Fiscal Year 2012 Annual Report of the U.S.A. last week, offering an analysis of the federal budget and challenges facing American spending policy. Coincidentally, the report was published just hours before Congressional leaders announced that they had hammered out a deal to end the federal government shutdown, which began on October 1. Flyby took a look at the numbers and decided that the best way to make sense of them was to put them in terms of three things we care about and think you probably do too—Ted Cruz, the Affordable Care Act, and the government shutdown.