To meet rising costs, Yale’s financial model assumes that revenue will grow each year. But many of the University’s traditional sources of revenue — endowment income, tuition, government funding and alumni gifts — cannot keep up with the costs of all the components of the Yale experience. The spending problem facing Yale today is the opposite of what it was before the crash: Unless Provost Benjamin Polak manages to eliminate the remaining $40 million annual budget deficit, Yale’s reserve funds will eventually run dry. University President Richard Levin said he is confident the University will weather the storm, but Polak said changes will be necessary to make that possible — changes that will have negative consequences for Yale. Sophie Gould investigates in tomorrow’s News.
- Since reading week was instated over 30 years ago, the study period will not last a full week for the second time ever. Due to the addition of fall break to the academic calendar that began this year, the reading weeks in both the fall and spring terms last only three days, down from five days in previous years. John Meeske, dean of student organizations and physical resources and a member of the Calendaring Committee, said the committee did not consider how Spring Fling — which will take place on Monday, the first day of reading week — might further cut into an already shorter reading week, but students said that the combination of Spring Fling and a shorter reading week is creating additional stress.
- The Yale College Republicans will field Paul Chandler ’14 in November’s Ward 1 aldermanic election. Chandler, a registered independent from Westport, is the first candidate to enter the race. Ward 1 has not seen a Republican contestant since 1993, a record of Democratic dominance that Chandler’s campaign manager, Ben Mallet ’16, said the YCR is hoping to overcome.
High of 64 degrees, low of 39 degrees, sunny.
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