What does a “structural budget gap” mean for Dartmouth?
“Structural budget gap” means that our operating expenses exceed our revenues. Dartmouth faces this situation because the annual gap between operating revenues and expenses of $34 million in fiscal year 2009 is projected to widen to $54 million in fiscal 2011, and to nearly $100 million by fiscal 2012 and beyond, if action is not taken to bring expenses in line with revenues.
