The provost presented Stanford’s annual budget report for 2010-2011 on Thursday before the Faculty Senate, saying the financial pressures on the University resulting from economic instability in 2008 were showing signs of lifting.
The Division of Literatures, Cultures and Languages currently consists of five departments; the move means the five departments will now share a single budget and form “focal groups” to encourage collaboration across their areas of study.
The Palo Alto City Council may pass nearly $10 million worth of budget cuts for fiscal year 2011 in response to what City Manager James Keene described as unprecedented financial hardships for the city.
Stanford recently announced a staff salary program to be implemented this September to reinstate merit-based pay raises after a salary freeze last year during the economic downturn.
President Obama’s NASA budget proposal for 2011 scraps the program, instead redirecting billions of dollars to engine research, robotics and commercial space contracts.
The Congressional Budget Office said Tuesday that it projects a federal budget deficit of $1.35 trillion for fiscal year 2010 unless current policies and law change.
Stanford professors say an amendment to the California constitution proposed by Governor Schwarzenegger that would require the state to invest more money in its public universities than its prisons will face many challenges before becoming actual legislation.