Last fall, Dr. Bharucha said that the college had to reduce
its annual operating deficits by more than $ 20 million by 2018.
Under Bharucha's leadership, the college began charging tuition as a way to dig itself out of
annual operating deficits of more than $ 15 million.
Under the new configuration, the board will be able to give more cash to the local schools, which have a $ 5.3 million cumulative deficit and a $ 1.8 million
annual operating deficit.
Just last year, the state did it, shifting responsibility for New York canals and a more than $ 100 million
annual operating deficit from the Thruway Authority to the state Power Authority.
Finally, the state did it, last year shifting responsibility for New York canals and a more than $ 100 million
annual operating deficit from the Thruway Authority to the state Power Authority.
Not exact matches
These
annual surpluses are to balance the
Operating Account, which posted a cumulative
deficit of $ 8.6 billion at the end of 2011 - 12.
In both 2014 - 15 and 2015 - 16,
annual surpluses in the Employment Insurance
Operating Account have reduced the
deficits in those years by about $ 4 billion.
Earlier this month Netzel proposed closing the pool in Reed - Keppler Park, contending that it has
operated with an average
annual deficit of more than $ 30,000 since the city took over operations in 1981.
Under Roberts, the Detroit Public Schools has generated an
annual operating surplus for the 2011 fiscal year, its first surplus since 2002; accelerated the elimination of its $ 327 million legacy
deficit; and adopted a balanced budget for fiscal 2012.
Lembo's $ 172.8 million
deficit projection falls just short of 1 percent of this year's general fund, which covers the bulk of state government's
annual operating costs.
Cooper Union faces an
annual $ 10 million
operating deficit.
According to Cooper Union's president, Jamshed Bharucha, it currently
operates at a $ 12 million
annual deficit.
According to the president, Jamshed Bharucha, the school currently
operates at a $ 12 million
annual deficit.