decrease

(8) Professor Seth Lipner expressed concern about the draconian cuts in the travel
budget and how it is undermining our commitment to scholarship and achieving professional
visibility. President Waldron responded by concurring, and hopes to restore
travel funding; the cutbacks were due in part to the decline in the College's endowment,
which formerly financed $400 thousand of travel for Zicklin School personnel.
She anticipates that the travel funding will come back; we've raised three $1 million
gifts in the last month. She urges faculty to identify alumni who might be contemplating
donations to the College and convey that information to College Advancement.
President Waldron anticipates that travel will probably be heavily dependent
on philanthropy in the future.
(9) In response to a question from Professor Christopher Hessel, Dean Elliott noted that
we can swap some money categories, i.e., from hiring to research and/or travel.
However, some swapping has already occurred in response to the budget cutbacks;
some vacancy savings were part of our budget cutbacks, but further faculty cutbacks
might lead to fewer course offerings. Professor Waldron suggested that we should
aim to increase revenue as well as decrease costs. We’re trying to increase revenue
by increasing student fees, especially graduate student fees, to make our tuition and
fee structure more rationale. For example, right now New Jersey residents can enroll
in graduate programs at lower total cost at Baruch than at Rutgers. We need to develop
a more rational tuition and fee policy.
(b) Provost and Senior Vice-President James McCarthy made the following announcements:
(1) The College is in the midst of preparing for Middle States reaccreditation. Assessment
is a huge part of that process. The work done at the Zicklin School as it pre-
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