Wednesday, March 11, 2015

As budget crunch persists, GW delays parts of strategic plan - Mary Ellen McIntire, GW Hatchet

The University will delay rolling out parts of its decade-long strategic plan, setting back transformational programs officials hoped would boost GW’s presence, after missing its revenue target this year. Officials had to use funding — which could have launched new parts of the strategic plan — to keep existing programs running, Provost Steven Lerman said in an interview last week. GW brought in less revenue than officials had projected this year, marking the second year in a row that the University didn’t meet its expected revenue in the first half of the fiscal year. “The funding for many of those things was projected to come partly out of budgets, as well as philanthropy,” Lerman said. “And the extent to which one has to use the resources to simply run the place, there’s less resources to invest in the short term strategically.”

No comments:

Post a Comment