American University’s budget for fiscal year 2025 will total $860 million, compared to $894 million this year, Board of Trustees Chair Gina Adams announced in an email Thursday afternoon. This comes after the University announced a $33 million budget deficit due primarily to lower enrollment numbers in August 2023. The University announced an additional $1.3 million deficit in January 2024. Fiscal year 2025 will begin on July 1, the same day that the University’s presidency turns over to Jonathan Alger.
