News

Shalala addresses Faculty Senate

University of Miami President Donna E. Shalala delivered an address yesterday to the Faculty Senate in what has now become a yearly tradition.

After a brief presentation conducted in unison with Provost Thomas J. LeBlanc, Shalala fielded questions from the attendees. For the first time, the meeting was webcasted live by UMTV.

“I’m never off the record. I’m very happy to have this opportunity,” Shalala said of the option to address online viewers as well as the senators.

Shalala and LeBlanc’s joint address centered on the financial situation facing UM. They emphasized that while the university continues to be in a cash crunch, administrators do not expect the same level of uncertainty for this fiscal years as compared to the previous year.

After the downturn of the economy in November 2008, the university implemented expenditure controls and eliminated every optional program. They also instituted a very conservative budget for this year that required a seven-percent cut to every school.

“The fact that we moved very quickly had a huge impact last year and allowed us to weather the storm,” LeBlanc said.

He said that the university had $1.8 billion invested through various vehicles last year which lost a combined $450 million in investments and endowments.

LeBlanc added that the base-line funding has been permanently reduced and that it will take some time to raise it back to where it was.

After the presentation, Shalala and LeBlanc answered questions for close to an hour that ranged from student jobs to the financial situation at Jackson Memorial Hospital.

September 24, 2009

Reporters

Lila Albizu

Assistant News Editor


Around the Web
  • Miami Herald
  • UM News
  • HurricaneSports

Miami coach Jim Larranaga is staying on the Hurricanes while they keep piling up wins. Dewan Huell h ...

Shakey Rodriguez, the Miami high school basketball coaching legend, vividly remembers the first time ...

It was a good day for the Miami Hurricanes basketball team. They moved up to No. 6 in the AP Top 25 ...

Erykah Davenport and Shaneese Bailey made key plays back-to-back late in the game and four players s ...

1. MARLINS: Jeter's Fish trade Gordon. Stanton next?: While others spend -- like the Angels to ...

William W. Sandler Jr. Center for Alcohol and Other Drug Education earns national recognition for it ...

Retired baseball star Alex Rodriguez gives "Major League" advice to UM’s fall graduating c ...

Becoming the Man of the Hour ...

Always a little bit of a flair for the dramatic. ...

A scholarship created by retired Major League Baseball star Alex Rodriguez and born out of his love ...

Dewan Huell recorded his second double-double of the season as Miami improved to 9-0 with a 59-50 wi ...

The Miami women's basketball team begins play at the Puerto Rico Classic Monday against Sacrame ...

The University of Miami women's basketball team capped its seven-game homestand with a 79-31 wi ...

University of Miami senior wide receiver Braxton Berrios earned 2017 first-team 2017 CoSIDA Academic ...

USA Diving announced the recipients of its annual awards at a ceremony in conjunction with the 2017 ...

TMH Twitter Feed
About TMH

The Miami Hurricane is the student newspaper of the University of Miami in Coral Gables, Fla. The newspaper is edited and produced by undergraduate students at UM and is published weekly in print on Tuesdays during the regular academic year.