God & Mammon at Yale

As the new school year began, most college administrators faced the same budget problems as last year--or worse. At Yale, they had a surprise instead. Whereas a year ago the university had thought it would end the 1971-72 year $5.7 million in the red, President Kingman Brewster Jr. reported that the actual deficit was only about $1,000,000. Although alumni gifts and cost cutting could account for a portion of the difference, there also must have been a fairly stunning miscalculation, and Brewster ordered an investigation to find out what went wrong.

A more relaxed budget is welcome, of course, but as Brewster warned the Yale Corporation, "the surprising divergence of estimates and performance does pose a danger that no future forecast will be believed." Moreover, he said, such "skepticism and suspicion" about how accurate Yale is in forecasting its budgets might shake "the community's confidence in the credibility and competence of the administration."

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