For Harvard Faculty, Next Year’s Budget Deficit Now Looks Only Half as Bad

The bleak budget news for Harvard’s largest school, the Faculty of Arts and Sciences, got a little brighter today. The school’s dean told a budget forum that the projected deficit for the 2011 fiscal year has shrunk by half, to $110-million, through budget cuts and strong fund-raising results, The Boston Globe reported. The school projects a $20-million deficit for this fiscal year.