From the Yale Daily News: Yale has already made 78 percent of the budget cuts it planned to implement over three years in response to last year’s endowment tax hike, according to Yale’s fiscal year 2027 budget that was released last month. The endowment tax hike, which was part of President Donald Trump’s signature One Big Beautiful Bill Act, is costing Yale $247 million this fiscal year, after the tax jumped from $52 million to $299 million, according to the budget. The increased figure represents 3.6 percent of the University’s total spending this fiscal year. The cuts leave 22 percent left to achieve for the remaining two years of the three-year target...
Yale spokesperson Karen Peart wrote in a statement to the News, on behalf of University Chief Financial Officer Katrina Spencer and deans of several schools the News contacted for comment, that “some areas of the university will feel more financial strain than others.”
Full story at https://yaledailynews.com/articles/yale-already-made-majority-of-cuts-to-offset-trump-s-tax-budget-shows.
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