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College and University Discussion
Reply to "Which top colleges have a significant budget deficit? Which ones are red flags?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How did a tiny school like Middlebury run up such a large deficit?[/quote] A $4.49 million budget deficit against an overall budget of $344 million isn't that significant (1.3% of overall budget). Reasons mentioned are rising healthcare costs, staff and faculty pay increases, and debt servicing. [/quote] But the deficit has to be funded somehow and if it is recurring, it could lead to financial instability. [/quote] Or to quote Dickens: “Annual income twenty pounds, annual expenditure nineteen nineteen and six , result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery”.[/quote]
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