Budgets


Cambridge FY17 Budget Includes Millions for Local Renovations

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.


Cambridge Residents Vote on $500,000 Participatory Budget

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.


Health Benefits Plan Will ‘Likely’ Change in Future, Committee Members Say

Members of the committee that recommended controversial changes to Harvard’s non-union health benefits plan said it will likely change in the future.


Riding Fundraising Wave, Harvard Posts Small Surplus

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.


Law School CFO To Leave for Bates College

The Law School’s chief financial officer, Geoffrey S. Swift, has been named vice president for finance and administration and treasurer of Bates College, the school announced.


University Restructures Health Plans in Cost Control Measure

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.


Acknowledging Harvard Budgetary Constraints, Pfister Expresses Support for Increased UC Funding

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.


Three Tickets Face Off in UC Presidential Debate

With the voting period for the Undergraduate Council elections underway, the three pairs of candidates vying to become the Council’s next president and vice president faced off in a debate at the John F. Kennedy, Jr. Forum on Monday night.


University Report Reveals Mixed Financial Outlook

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.


Club Sports Hit By Funding Cuts

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.


American Budget and Debt: Flyby's Takeaways

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.


UC Addresses Budget Concerns

Undergraduate Council representatives raised concerns with the current state of UC finances at Sunday’s general meeting.


Free Boston!

Before today, I had never visited Boston. I’d been living within a two-mile radius—with Trader Joe’s as my southern border, the football stadium as my western border, and a jumble of Harvard buildings and community residences constituting my northern and eastern borders. I spent the majority of my time wandering through Cambridge. Although I kept trying to get lost, I always managed to find Mass. Ave. one way or another.


FY2013 Hires

While the overall size of the faculty stayed virtually the same in FY 2103, the report notes that FAS conducted 73 tenured or tenure-track searches in the past year, the highest number since the financial crisis. In total 46 job offers were extended, 21 to women and 15 to minorities. Of those offers, 28 candidates accepted, nine declined, and the statuses of another nine are classified as pending.


Facing Tight Budgets, FAS Looks to Harvard Campaign for Financial Support

As the Faculty of Arts and Sciences continues to chart tight budgets in the aftermath of the 2008 financial crisis, FAS Dean Michael D. Smith and his lieutenants are looking to the Harvard Campaign for financial relief, according to the Dean’s Annual Report for academic year 2012-2013.


Amid National Anxiety, Cambridge City Council Reports Record Budget Surplus

Amidst a backdrop of national unease regarding the fiscal drama playing out in Washington, D.C., Cambridge City Council announced a free cash balance of slightly over $142 million in this year’s budget, a triple-A bond rating, and the minimizing of residential tax rates at Monday’s meeting.


After Fiscal Deal, Funding Cuts Still Loom for Harvard

Congressional lawmakers reached an eleventh-hour deal late Tuesday to avert the so-called fiscal cliff, largely postponing what will likely be far-reaching spending cuts expected to cost Harvard and other research universities millions of dollars in federal sponsorship.


Harvard Braces for Decline in Federal Funding

As Washington lawmakers scramble to reach a last-minute budget deal before the end of the year, Harvard and other research universities are bracing for what would be the most dramatic cut in federal research funding in recent history.


University's Annual Report Shows Rise in Deficit, Decrease in Total Debt

Harvard sustained a small deficit of $4.5 million in the last fiscal year resulting from a 3 percent increase in University operating costs, according to the annual University Financial Report released Friday morning.


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