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Common Council Approves $106 Million Budget for 2025, Amendments to Cut Costs Fail to Pass
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The Common Council passed the budget for the 2025 fiscal year after multiple proposals to cut costs failed following outcry from city staff.
The Cornell Daily Sun (https://cornellsun.com/tag/budget_cuts/)
The Common Council passed the budget for the 2025 fiscal year after multiple proposals to cut costs failed following outcry from city staff.
Despite hardships caused by the COVID-19 Pandemic, the Women’s Opportunity Center does its best to stay afloat.
The Women’s Opportunity Center has not received full funding from New York State since March, forcing the organization to lay off seven employees at a time when the pandemic has strained demand for career training services.
As the University moves forward with the inevitable budget cuts, President David Skorton stands in a lonely position at the top. While task forces made up of faculty and staff work to suggest cuts from academic-related expenses, consultants from Bain & Co. will suggest cuts to non-academic expenses. Skorton must make sure that the two do not overlap during the process of the budget’s eventual alignment. The Sun sat down with Skorton yesterday afternoon to discuss some of the different facets of “Reimagining Cornell.”
The Sun: Why did the University choose Bain specifically, especially considering their dubious reputation in higher education?
The Office of the Provost is the launch pad for all cuts, merging and scale backs associated with “Reimagining Cornell.” However, no facet of the University has been untouched by the financial crisis, and the office is scrambling just as much as academic departments to slim down its bloated administrative body.
Neoma Mullens ’98, director of Cornell’s Internal Transfer Division, sighed as she pulled out a modest stack of confidential documents outlining possible reductions in her department of two people. She did not disclose the documents to The Sun.
“Honestly, I think there is still some waste [left in the University], but it’s hard to pinpoint without pointing fingers. Self-examination is important, but not everyone has the courage to do so.”
Although faculty, students and alumni agree that “Reimagining Cornell” is a necessary project to assure the long-term health of the institution, the uncertain future of teaching, research and student life at Cornell is leading many to view the changes taking place around them with an air of skepticism.
With Cornell’s current budget deficit still totaling a grave $135 million, the University has been forced to seriously reconsider its future. Reimagining Cornell — an effort the University is touting as “one of the most comprehensive self-examinations in its 144-year history” — will, once complete, provide a strategic plan that top administrators hope will set the university on stable financial footing.
Faculty salaries at major universities across the nation remain unaffected despite widespread budget and general economic woes.
Salaries for professors across the country rose by 3.9 percent last year, well above the inflation rate, according to the American Association of University Professors. According to USA Today, Weill Cornell Medical College Prof. Zev Rosenwaks, obstetrics and gynecology, allegedly earned a paycheck of $3.1 million last year, the fifth highest salary at any U.S. college.
The median salaries at the endowed colleges during the 2008-2009 school year were $93,500 for assistant professors, $109,800 for associate professors and $154,300 for full professors, according to data from the AAUP.
Correction Appended
This is the second article in a two-part series which focuses on Cornell’s decision to phase out language programs in an attempt to reduce the University’s budget.
This is the second article in a two-part series which focuses on Cornell’s decision to phase out language programs in an attempt to reduce the University’s budget.
The importance of writing skills, as exemplified by mandatory first-year writing seminars, has always been a constant emphasis at Cornell. However, English for Academic Purposes, which helps non-native speakers enhance their writing skills in the English language, will soon be eliminated due to the University’s across-the-board 5-percent budget cuts.