Many of you have read about the projected University of Denver budget shortfall published in an by The Denver Post. The bold headline read, University of Denver braces for up to a $30 million budget shortfall next year. The brash headline was quickly modified in the opening sentence to $20 to $30 million for the next full fiscal year.
Two paragraphs later, the author, Elizabeth Hernandez, cites a memo from DU Provost and Executive Vice Chancellor Elizabeth Loboa and Mark DeLorenzo, Senior Vice Chancellor of Business and Financial Affairs. In the memo, actions are discussed to mitigate spending at the University for the current fiscal year, ending June 30th.
“Through prudent and thoughtful expense measures, the ($6 million) deficit has been narrowed by another $4 million, with plans to be closed by the end of the fiscal year,” the memo stated. Concerning, of course. However, far from the drama generated by the headline…