As endowment tax looms, Princeton asks departments to make plans for ‘permanent’ budget cuts, warns of potential layoffs
Christopher Bao and Annie RupertusPrinceton asked all departments and University units to prepare “separate plans for 5 percent and 10 percent permanent budget cuts to be phased in over the next three years in a memo sent Monday. Administrators warned of layoffs as the University prepares for a potential federal endowment tax, set to be debated in Congress later this week.
Princeton asked all departments and University units to prepare “separate plans for 5 percent and 10 percent permanent budget cuts to be phased in over the next three years in a memo sent Monday. Administrators warned of layoffs as the University prepares for a potential federal endowment tax, set to be debated in Congress later this week.






















