November 2005 |
It is a rare college or university today that doesn’t know firsthand the challenges of shrinking institutional budgets. Expectations for resolving budgetary problems through higher levels of state funding or by further increases in tuition are unrealistic. And to what extent can endowments offset the slow or zero growth of revenues? The prospect of long-term budget constraints is forcing contemplation and indeed implementation of drastic measures, including program eliminations, layoffs, and caps on student enrollments. Reduced budgets are surely bringing about significant changes on the nation’s campuses. The environment is motivating innovation - new approaches to raising revenues and, as importantly, the creative use of existing funds. This conference examined methods of implementing new policies, the development of new management plans and institutional objectives in an era of budgetary austerity, and potential methods of enhancing university budgets.
This TIAA-CREF Institute conference brought together leading higher education decision makers, including presidents, provosts, chancellors, academic deans and chief financial officers at major colleges and universities, and leading scholars knowledgeable about and pursuing research on issues that were addressed during the conference.
Click to view the conference agenda(PDF).