Provost to Slash Budgets Across University - GABRIELLA LEE, Cornell Daily News

To address an annual $55 million deficit in the provost’s budget, the University will decrease the budgets of all of Cornell’s colleges and central administrative units by a total of $27.5 million starting July 1, according to Interim Provost Harry Katz. Each college will see budget cuts of 2 to 2.3 percent of their annual expenditures. The deficit, which began five years ago, was a result of the provost’s office “giving out allocations to both the colleges and the central administrative units that exceeded the revenues that were coming in,” Katz said. The provost’s budget, which partially funds each individual college’s budget, also goes towards student activities services, including libraries and the maintenance of some building facilities. http://cornellsun.com/blog/2015/03/01/provost-to-slash-budgets-across-the-university/