Friday, Apr 18, 2014 07:20 am est

Student Senate panel: university budget

Posted on October 23, 2013 | by WSN News Staff

Throughout the week, WSN has published information about the debates over student debt and financial aid at NYU. Today’s focus is the budget. These three topics will be the main discussion points of WSN’s Student Senators panel discussion tomorrow at 3:30 p.m. in Kimmel room 406. Students can be a part of the audience and direct questions at the four senators, or they can tweet their questions to @nyunews, with the hashtag #askwsn.

The 2013 university budget is outlined on the NYU website. The budget for this year is a little over $2.5 billion.

Tuition and fees, student housing and dining, and other auxiliary operations contribute to almost 70 percent of the university’s budget. The other sources of revenue, including income from commercial real estate, sponsored research and educational programs, and gifts to the endowment and endowment investments, only contribute up to 5 percent of revenues.

Salaries and employment benefits make up over 50 percent of the university’s expenses. Almost 40 percent is used for building-related costs and general operating expenses. The remaining 10 percent is used for transfers to non-operating funds, professional services and fees, and contingencies and academic investment funds.

According to the university bylaws, several groups and people have an input in deciding the budget. The key players are NYU President John Sexton, the Finance Committee,  the University Senate and chief financial officer Martin Dorph.

The Students Senator Council also has a Student Affairs Budget Advisory Committee, which reviews the budget and makes recommendations to the University Senate.


Tatiana Baez

Assistant Managing Editor | A CAS junior, Tatiana is studying journalism, environmental science and politics. She’s a bomb editor, as well as the staff’s main source of entertainment because she sings along to every song after 12 a.m. She also writes about culture, science, technology and sex, and her work has been featured in VICE, Motherboard, Elite Daily, amNewYork and others. She enjoys eating Thai food, reading fiction and binge-watching Netflix.

And in case you were wondering how great she really is — “I just can’t get enough of Tatiana” is a direct quote from her EIC at WSN only moments ago.

Ann Schmidt

News Editor | Ann is a liberal studies sophomore who lived in Florence during her freshman year. She plans on double-majoring in journalism and political science and is always busy. She is constantly making lists and she loves to laugh.


Daniel Yeom

Daniel started at the Features desk of WSN last Spring, writing restaurant reviews whilst indulging on free food and consequently getting fat. Last Fall, he was the dining editor, and he this semester he is senior editor. Daniel is in Gallatin (living the dream) studying Food & Travel Narratives, incorporating aspects of Food Studies, Journalism, and Media, Culture, and Communication. He loves food more than life itself.

Hannah Luu

Deputy Multimedia Editor | Hannah Luu is a ridiculously great Deputy Multimedia Editor. She is a sophomore from Northern California. If you think Northern California means San Francisco you might need to closely examine a map. She is passionate about NPR and being half Asian.

  • How to join:

    The Washington Square News holds open weekly budget meetings at its office located at 838 Broadway every Sunday. All are welcome to attend, no matter your background in journalism, writing, or reporting. Specific times for meetings by desk are listed below. If you wish to talk to an editor before you attend, feel free to check out the Staff page.

    5 P.M. 6 P.M. 6 P.M. 6:30 P.M. 6:30 P.M. 7 P.M.

    Applying for an editor position: Applications for editor positions during the fall or spring semesters are available twice each academic year and can be found here when posted. Applications for the Fall 2012 semester are closed, but check back for Spring 2013. Those who wish to apply are urged to publish pieces in the newspaper and contact current editors for shadowing.

    History of the Washington Square News:

    The Washington Square News is the official daily student newspaper of New York University and serves the NYU, Greenwich Village, and East Village communities. Founded as an independent newspaper in 1973, the WSN allows its undergraduate writers and photographers to cover campus and city news and continues to grow its strong body of award-winning journalists and photographers.

  • The WSN has a circulation of about 60,000 and can be found in over a hundred purple bins distributed throughout campus. It is published Monday through Thursday during the fall and spring semesters and online on Friday, with additional special issues published in the summer. The newspaper recently revamped its website during the Fall 2012 semester.

    Like few campus newspapers in the country, the paper is editorially and financially independent from the university and is solely responsible for selling advertisements to fund its production. The WSN, including its senior staff, is run solely by current undergraduate students and the business-division is largely student-operated as well.

    A Board of Directors comprised of alumni, NYU professors and working news media professionals serves as advisors to the paper. Board members have no control in the WSN's editorial policy or newsroom operations. Alumni of the newspaper are established and leading journalists in such news organizations as The New York Times, The Wall Street Journal, NBC news, ABC news, Fox News, and USA Today.