Wednesday, April 17, 2013

Facing a Budget Crunch, Howard Makes Cuts - Aaron Wiener, Washington City Paper

According to an internal Howard staff memo from Jan. 31, the university is making a few cuts to help tackle a "significant budget challenge." The memo, signed by Howard President Sidney Ribeau, cites "a significant decrease in student enrollment in the fall semester, along with other revenue shortfalls and an anticipated reduction in Howard's federal appropriation due to sequestration." About 400 students, the memo says, did not return to the university in fall 2012, with most of them citing financial challenges. "It became clear that in spite of the contingency funding, we will not be able to balance the operational budget without implementing major cost saving initiatives over the final two quarters of the fiscal year (January to June 30, 2013)," Ribeau wrote in the memo. http://www.washingtoncitypaper.com/blogs/housingcomplex/2013/04/02/facing-a-budget-crunch-howard-makes-cuts/