Word: budgeting
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...According to the city’s budget director, Louis A. Depasquale, Cambridge was on track to pay off its unfunded liability—reported at $67 million at the start of the year—by 2013. Massachusetts law requires cities and towns to pay off their unfunded liabilities by 2028. [SEE CORRECTION BELOW...
...Cambridge Pensions Relatively Robust," misstated the title of Louis A. Depasquale. He is the assistant city manager for fiscal affairs, not the budget director...
With recent administrative calls for budget-trimming, staff in the Faculty of Arts and Sciences have been clinging to their jobs in apprehension, anxious that they are particularly vulnerable in a new era of cost-cutting. Many staffers interviewed by The Crimson expressed concern that the hiring freeze on all FAS staff posts announced three weeks ago was an administrative effort to resuscitate the endowment that did not fully consider the impact on staff. “To me, this place always had the feel of an investment bank as opposed to an institution of higher education...
...some year-end cheer. Stripped of its usual floral retinue, the messenger of the Greek gods seems to bear some sobering news: pressed by an unprecedented financial crisis, formerly lavish traditions will be giving way to a frugal conservatism as Harvard’s party planners across face tighter budget constraints this year.While administrators look to cope with an endowment savaged by losses, schools across the University are doing their part by whittling the allotment for holiday revelry down to less than half its former size—though some are more forthcoming than others about the extent...
Christmas Eve will mean a lump of coal for senior citizens who use the Oliver Farnum Senior Health Center. The Central Square-based health facility, operated by the Cambridge Health Alliance, will close that day. In public meetings, the CHA has cited ongoing budget problems and the inefficiency of operating the center as reasons for shutting the center’s doors. While patients and other residents have said they are upset that the center will be closing, some said that it will not negatively affect their health care. “I have the best of care here...