This section of the site has been established to share information on the University of Miami’s financial picture and the ongoing actions it is taking to respond to the global economic crisis.

Updates

e-V Extra Letter to Faculty and Staff
May 9, 2012
In the wake of President Shalala’s April 24 Dialogue letter to faculty and staff on the serious financial challenges facing the Miller School of Medicine—which noted the need for significant reductions in costs, including staffing—the process of reorganizing and eliminating jobs at the school is now under way.

Dialogue Letter to Faculty and Staff
April 24, 2012
As the end of the fiscal year approaches and plans for FY 2013 are finalized, I want to share very important information regarding upcoming changes at the Miller School of Medicine.

Dialogue Letter to Faculty and Staff
April 22, 2010
Powerhouse. Limitless. Extraordinary. I often use these words to describe the University of Miami. We consistently prove we can overcome challenges and surpass goals, and I recognize that our core strength comes from our 13,000-plus faculty and staff.

Dialogue Letter to UM Parents
March 5, 2009
The economic crisis impacting our nation and the world has implications for all of us—including the University of Miami. I appreciate that many of our parents have taken the time to express their concerns, and I am grateful for your suggestions.

Dialogue Letter to Faculty and Staff
February 20, 2009
My Dialogue letter last week spelled out the big picture for the University’s finances. It also provided an overview of the financial challenges we and every other university face today and that will likely continue for at least the next couple of years.

Dialogue Letter to Students
February 20, 2009
As you undoubtedly know, the impact of the current economic crisis has been extensive and has serious implications for your families, for all of us in this community, and for our nation and the world. The University of Miami is taking several important steps that will help minimize the negative impact of the crisis.

Dialogue Letter to University Community
February 10, 2009
I promised to keep you updated on the actions the University is taking in response to the economic crisis – and since I reported to you last month, conditions have significantly worsened. We have already implemented a wide range of measures and are now taking an even more comprehensive look at how it will impact short- and long-term University operations.

Dialogue Letter to Faculty and Staff
January 5, 2009
It’s fair to say that 2008 was a challenging year for the economy, most businesses, and many individuals. The stock market declined significantly, housing prices fell, and unemployment grew. Thus far, the University has fared relatively well through the tumult. We have been affected but not devastated like many organizations.

Dialogue Letter to University Community
December 1, 2008
We are all watching the economy and trying to figure out what the current crisis means for our country, community, University, and ourselves and families. Every day seems to bring greater financial volatility, creating uncertainty about what needs to be done and by whom. One thing is clear – we are all facing a serious challenge to the way we conduct our business and live our lives.

Dialogue Letter to Faculty and Staff
October 2, 2008
It is clear that the current economic crisis will affect all of the higher education community, and we certainly are not exempt. University leaders have been meeting, and we already are looking carefully at our current budgets and are working to tighten our fiscal belts.