‘Grave’ Budget Dictates C.U. Plans

When Provost Kent Fuchs moved into Day Hall to assume his new position about six weeks ago, he was faced with a daunting task — balancing Cornell’s budget. Facing a $200 million budget shortfall, which represents 10 percent of the University budget, Fuchs had been forced to make some drastic decisions.
In yesterday’s Faculty Senate meeting, Fuchs told the attendees, “The situation is grave. If we do nothing, this institution is at great risk.”