<p>Provost says faculty will shrink over three years, but savings will ensure fiscal recovery</p>
<p>Cornell</a> Chronicle: Provost outlines fiscal actions</p>
<p>"....The first task force to be established will assess future undergraduate and graduate enrollments, taking into account the decrease in faculty and an expected increase of 100 freshmen in fall 2009. ....</p>
<p>"The answer is really unclear whether undergraduate enrollment should grow any more from the perspective of the budget. If you have to invest in new facilities to provide for the students, if you have to hire additional staff and faculty, you're losing money. We also must carefully consider the impact on faculty research and scholarship and on the quality of our education.".....</p>
<p>"This is very much a transient period," Fuchs said. "For three years, we'll dramatically tighten our belts and reduce our expenditures. Then we'll come out of this refocused with a set of strategic priorities in which we will invest."</p>