How is Saint Mary’s preparing for next year’s budget?
In this economic environment, the College will be cautious about its own spending plans for at least the remainder of this fiscal year and the next fiscal year. The College is preparing contingency plans beginning with FY 2009–2010 that would enable it to react to a reality that is different from our baseline planning assumptions. The focus of the contingency plans will be to find opportunity areas to save money or cut costs while ensuring that the quality of student experiences remains first rate. However, the College will also continue investing in areas that show potential to increase revenue in the future. In the event that costs need to be cut in a significant manner, the President and the Board of Trustees will attempt to ensure that the adjustments are made in a manner that preserves the mission of the College and maintains the value and affordability of the Saint Mary’s experience for our students.
Related Questions
- Isn $30 billion a year more than the country can afford at a time when next years budget deficit will be $450 billion?
- How is Holy Cross preparing for next year’s budget should the current situation continue, or if enrollment declines?
- How can I use my historic CowProfit$ for budget forecasting next year or the next series of years?
