In all honesty though, 60%+ overheads from a university is incredibly high. To an extent that shows that there is a large amount of management and administrative staff not contributing directly to the work. I’m not in medicine, but in the EU projects I’m in only 0-25% of overheads are funded. Though, I can imagine medicine requiring more than the hard sciences.
Leases would show as zero on the balance sheet if the government owned their own buildings. But of course someone decided that was “against the free market” so now the government cannot own anything in the name of “efficiency”
In all honesty though, 60%+ overheads from a university is incredibly high. To an extent that shows that there is a large amount of management and administrative staff not contributing directly to the work. I’m not in medicine, but in the EU projects I’m in only 0-25% of overheads are funded. Though, I can imagine medicine requiring more than the hard sciences.
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Leases would show as zero on the balance sheet if the government owned their own buildings. But of course someone decided that was “against the free market” so now the government cannot own anything in the name of “efficiency”
I’m under the impression that the cuts are from ~30% to ~15%
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60% makes sense when you consider something like LIGO, or other real-estate heavy physics experimentation grounds, like a neutrino detector.