Wednesday, December 17, 2014

George Washington University cuts $8.2 million from strategic plan funding after budget shortfall - Colleen Murphy, GW Hatchet

The University has trimmed $8.2 million in funding to support its blueprint for the next decade, after already instituting hiring freezes and slashing administrative spending to make up for a shortfall. Provost Steven Lerman said the money had been set aside in the University’s budget to help fund its strategic plan, but had not yet been “obligated” to specific programs. He said he hoped to add the money back into the budget in the future, but that would have to come after the University makes up for last year’s $20 million budget shortfall. “It means some things will be put into the plan implementation later than they would have been, but nothing has been dropped,” Lerman said. “It’s hard to actually know what things would have happened if we’d funded it.”

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