Oregon Health & Science University is $23 million over budget, and may have to raise tuition and admit less Oregon students in order to stay afloat.
Scarce resources were a recurring theme at Tuesday's meeting, though the first presentation on the school's financials, painted a relatively bright picture. Chief Financial Officer Lawrence Furnstahl – who the board voted to appoint to OHSU's Integrity Program Oversight Council after his presentation – said the school is over budget in terms of operating income, of which it has $23 million. Its net worth has also increased by $75 million, and it has 180 days of cash on hand.
The Schools of Dentistry and Nursing will raise their tuition, the School of Medicine will admit fewer in-state and more out-of-state students and expand its PhD program.
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