Budgets
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.
Housing Problems, FAS Deficit, and Harvard Prep
Every week, The Crimson publishes a selection of articles that were printed in our pages in years past.
FAS Balances 2012 Budget
The Faculty of Arts and Sciences ended fiscal year 2012 with a balanced budget for the first time since the 2008 financial crisis, successfully meeting the timeline set by FAS Dean Michael D. Smith three years ago.
Staying Afloat
Saddled with reduced income from a still-depressed endowment, the University is currently managing increased budget responsibilities while wading through the continued ripples of the financial crisis that struck nearly four years ago.
Regional Centers Suffer Cuts in FAS Financial Assistance
As several of Harvard’s regional centers continue to cope with a 50 percent reduction in federal support, they must also suffer sustained cuts in financial assistance from the Faculty of Arts and Sciences.
Federal Funding for Harvard Declines
Following a nearly 50 percent reduction in federal funding, several of Harvard’s regional centers have relied on alternative sources of funding to maintain the quality of the academic and extracurricular opportunities offered to students.
FAS Budgets Stay Flat Post-Crisis
With departmental budget proposals for the 2013 fiscal year due earlier this month, many department administrators in the Faculty of Arts and Sciences’ smaller departments said that the funds available to them have not increased since the 2008 financial crisis.
FAS Departments Say Tenure-Track Faculty Scarce
Faculty members across all disciplines are hoping to increase tenure-track faculty representation in their departments.
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.