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...interview with The Crimson after the meeting, Smith said that FAS achieved its recent reduction of about $30 million with the help of restricted funds...
Smith said that he expects to further trim the deficit down to $35 million before June 30, when next year’s budgets must be finalized across FAS. He added that he hopes to present this anticipated figure to the Harvard Corporation—the University’s highest governing body—by July...
Setting a positive tone at the last Faculty meeting of the year, Smith announced that the budget deficit now stands between $50 to $55 million—a roughly $30 million reduction in the deficit since February...
...optimistic depiction of FAS’ current budgetary status at yesterday’s meeting comes after nearly $160 million in reductions to the deficit, which had stood at an imposing $220 million in the fall...
...predicted in late March, more than 60 percent of the anticipated Class of 2014 will receive need-based financial aid from the College, as the undergraduate financial aid budget reaches a record high of $158 million next year...