Yale University predicts balanced budget by next year - ADRIAN RODRIGUES, Yale Daily News

Despite a multi-million dollar deficit last year, University administrators maintain confidence in the future of Yale’s budget. In an August email to the Yale community, University President Peter Salovey wrote that he expects the budget to be balanced by fiscal 2016 — the fiscal year beginning July 1, 2015 and ending on June 30, 2016. In fiscal 2013, the University had a $39 million central operating deficit. As a result, Salovey and Provost Benjamin Polak issued three- and five-year budget targets to units throughout the University, asking them to reduce spending. These targets are the first projections expected to bring the University into the black since before the onset of the 2008 recession. http://yaledailynews.com/blog/2014/09/04/university-predicts-balanced-budget-by-next-year/