University's Annual Report Shows Rise in Deficit, Decrease in Total Debt - SAMUEL Y. WEINSTOCK, CRIMSON

Harvard sustained a small deficit of $4.5 million in the last fiscal year resulting from a three percent increase in University operating costs, according to the annual University Financial Report released Friday morning. The report, which describes Harvard’s financial position and goals, also includes letters from several University leaders, many of which detail the broad University initiatives, such as the Harvard Initiative for Learning and Teaching and MIT and Harvard’s joint virtual learning venture EdX. http://www.thecrimson.com/article/2012/11/2/annual-report-deficit-increase/