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So, they have turned to private sources, including philanthropies, for help in filling the budgetary gap.
"We're looking at every option to close our widening budgetary gap," Mr. Barnett said.
Even so, it was clear that the school couldn't rely on charity to fill the budgetary gap.
In the meantime, the Obama administration could start filling the budgetary gap with a windfall tax on those big bankers' bonuses.
But look beyond the Beltway and something rather more promising is under way.Unlike the federal government, which can borrow money to plug its budgetary gap, almost all the states are required to balance their budgets.
While the state's budgetary gap is big, $20 billion this year, consider that California's 82 billionaires - who together wouldn't fill a small movie theater - have a combined net worth of over $225 billion.
Similar(54)
As the owner, the league also receives weekly budget updates, approves major purchases and fills budgetary gaps.
Local revenues have tended to lag behind throughout the period, forcing the city to close its budgetary gaps with outside help.
They are finding it increasingly difficult to paper over their budgetary gaps (most state and local governments are required to run balanced budgets), and will have to resort to further cutbacks and tax increases in the year ahead.
In fact, Hawaii has been specifically singled out by Secretary of Education Arne Duncan for using federal money intended to help public schools to close budgetary gaps while actually reducing state financing for education.
Cunningham said that funds from the equitable sharing program are often used to cover budgetary gaps when agents from a local police office are detailed to part of a federal task force.
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CEO of Professional Science Editing for Scientists @ prosciediting.com