Smith College expects a “budget gap” of $8 million to $10 million for the current fiscal year and will reduce the coming year’s spending 10% to 15%, up to $35 million. President Kathleen McCartney and David DeSwert, vice president for finance and administration, said in a letter to faculty, students and staff last week that their salaries and those of other senior administrators would be chopped by as much as 20%.
https://www.masslive.com/coronavirus/2020/04/smith-college-faces-10m-budget-gap-amid-coronavirus-shutdown.html
