Students Demand Cash-Strapped New School Sell Donna Shalala Townhouse
NY Post | 09/03/2023 | Rikki Schlott

The ultra-progressive New School university is facing a projected $85.5 million budget deficit — and things are so bad that even asked students and faculty have been asked to submit budget-cutting suggestions.

In no surprise for a school that’s produced Marxists and progressives such as Jacques Derrida and Erich Fromm, the ideas include chopping executive salaries and even selling off the school-owned Greenwich Village townhouse currently occupied by former Clinton cabinet member Donna Shalala, now serving as New School’s interim president.

The New School woke up to a harsh reality during the pandemic: operating a private university in lower Manhattan is quite expensive.

After enrollment tumbled by 15%, the college dipped into its endowment to offset a $130 million revenue shortfall.

Chief Financial Officer Josh Burgher warned in a March budgeting meeting that the projected 5-year deficit could “easily” swell to $240 million.

. . . well, so could IMAO’s . . .

But austerity attempts have been met with vociferous opposition from the ultra-progressive community.

In 2020 the school chopped top leadership salaries by 12 to 15%, cut down on library subscriptions, extended voluntary separation packages to employees and laid off 122 predominantly lower-level staffers.

. . . but ours are all so darn cute! One of them looks like MaryAnn from Gilligan’s Island. The rest look like they could be her sorority sisters.

I’m glad they inserted the word “off” at the last minute.