Yale University says it will have to undergo another round of cuts to eliminate a $150 million budget shortfall.
Among the steps being taken: freezing salaries of deans and officers; a two-month delay in awarding annual raises to managerial and professional staff; a 10 to 15 percent reduction in the number of students admitted to graduate school; and setting thermostats in university facilities to 68 degrees in the winter and 75 degrees in the summer.
"These actions produce only a little more than $50 million in budget savings," Yale President Richard Levin and Provost Peter Salovey say in a memo. "Beyond this, we still must find approximately $100 million of savings in the general appropriations of unrestricted university funds by June 30 for the 2010-11 budget."
That means some jobs are likely to be eliminated.
"We are, of course, hoping to keep staff reductions as low as possible," the memo says, "but some will be necessary as we will not be able to close the gap only with non-salary expense reductions and the substitution of endowment income and unspent fund balances for general appropriations."
