You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Harvard’s operating deficit rises to $34 million

Harvard University’s budget deficit rose to $34 million in the year ended June 30, a gap that will prompt the world’s richest school to trim near-term spending even as it proceeds with ambitious building plans and fund-raising.

The results, reported in the university’s fiscal 2013 annual report released Friday, show Harvard is in better financial condition than it was five years ago, during the financial crisis. But the budget deficit is up from $7.9 million in 2012, and school officials indicated they will stay sharply focused on costs.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week