Word: budgeting
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...sagging cookie sales, a drop-off in donations and investment losses, the Kansas City council expects a $1.6 million loss this year. Each council has its own budget, separate from the national organization's $70 million. Nationally in 2007, Scouts lost $1 million in membership dues and another $1 million in grants and gifts...
...main street perennials famed for their cheaply priced goods, both collapsed, putting 31,000 jobs at risk. Administrators are hoping to find a buyer for the 815 outlets in the Woolworth's chain, founded in 1909 as a British offshoot of the U.S. company. MFI found its niche selling budget furniture...
...record numbers of applications collide head-on with deep budget cuts, on Nov. 20 the nation's largest university system announced plans to decrease its student body by at least 10,000 students and to cap enrollment at all 23 of its campuses. Says Terry Hartle of the American Council on Education, a lobbying firm that represents 1,800 colleges and universities: "What you're seeing in California is a double witching hour." Cal State, which experienced a 20% increase in first-year applications this fall, is the first public university to cap enrollment since the market meltdown in September...
...With 77% of CSU's operating budget coming from the state, shrinking tax revenue had already left the school in a $200 million ditch at the start of this academic year. Things got worse on Nov. 6 when California Governor Arnold Schwarzenegger announced an additional $66 million cut. Now university officials say they simply don't have enough resources to serve all the students who want in. "It's not fair to students to admit them to a university and not be able to offer classes, sections and student services that they need and academic advising and help that students...
...long CSU's enrollment cap lasts - and whether more universities adopt them - will depend on how quickly the economy recovers. In the meantime, public universities face tough choices. When state schools get hit with major budget shortfalls, "the only question is how the losses are distributed," says Hartle. "Nobody wins...