After suffering a $47 million loss this spring due to the coronavirus outbreak, Penn is projecting a $91 million budget deficit for fiscal year 2021. The unplanned $47 million loss in spring 2020 emanates from costs including housing and dining rebates, technology to facilitate remote learning, financial assistance to staff and contracted workers, and grants made to small West Philadelphia businesses.
https://www.thedp.com/article/2020/07/penn-projects-91-budget-deficit-covid-pandemic
