Examples are given of how United States universities are being affected by and coping with the declining revenues accompanying the current recession. The role of business officers in providing the facts, information, and guidance needed by an administration making retrenchment decisions is discussed. (DB)

Steps taken by Phillips Academy (Massachusetts) to contain costs during a serious deficit included short-term measures (increasing tuition and some fees, increasing enrollment, tightening administrative procedures, reduced personnel costs, and reducing programs) and long-term actions (early faculty retirement, increased retirement benefits,…

This article discusses the impact of resource reallocation by colleges and universities using Virginia Commonwealth University as an example. Alternative areas for creative reallocations noted include increased productivity/efficiency, quality improvement, growth by substitution, targeted fund raising, planned savings, categorical funding, tuition…

The events and decisions following a declaration of financial exigency at Saint Bonaventure University (New York) in 1994, which resulted in a substantial reduction in the number of tenured faculty members and a decrease in pay and benefits for remaining employees, are chronicled. The roles of the business officer, faculty, and others in decision…