Word: budgeting
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...Cambridge was designated to receive $2.7 million for special education—75 percent of its budget. The budget cuts will likely lower this reimbursement rate to 72 percent...
...School Committee member Marc C. McGovern said that since the board usually sets its budget based on a 72 percent reimbursement rate, “We may not feel the hit as much as some other communities...
...Last week, when we had our early budget meeting, one of the messages that the school board was prepared to deliver was that we are not going to be adding any new initiatives,” said Simmons. “We’ll look at the ones we’re currently running to see if they are meeting the needs of students, and if not, if we want to look at reallocation...
Endowment income currently covers about one third of the University’s operating budget...
Because each school is funded through different mixes of the three income streams, Faust said that University leaders will tailor solutions to the individual schools. The Faculty of Arts and Sciences, for example, receives a substantial portion of its budget from the University endowment income, whereas the Harvard School of Public Health depends heavily on sponsored research grants...