GW experienced a roughly $10 million deficit last fiscal year, but officials said they expect the University to break even this year following financial mitigation steps. Executive Vice President and Chief Financial Officer Mark Diaz said GW’s deficit last fiscal year, which ended June 30, was roughly $3 million less than originally projected, a result of a higher-than-expected summer enrollment and one-time cost reductions. He said the Board of Trustees eventually developed an annual budget in the first week of September based on the information available at the time.
