Twice today Glotzbach was roused from his secret presidential chambers to address the College. Today’s first college address took place in the wee hours of the morning at 8:30, just as the sun crested the top of the Harder Hall.  Skidmore Unofficial was at the much more reasonably scheduled 1pm address where Glotzbach sounded off on our present location in the economy, rich alumni, and even dropped some hints on the future Scribner Village—which we can openly say is on death row.

El Presidente kicked things off with some bad news: this year’s budget looks as if it will be about one million bucks short. Glotzbach encouraged the heads of departments in attendance to look for ways to scrimp and save, but seemed optimistic that the college would not see any serious effects because this shortage. Over-enrollment and tuition fees this semester have given us, as of yet, an untouched surplus that I’m sure will be tapped before the year is over. Glotzbach was eager to explain to those in attendance that this year will not be a problem for Skidmore College. Unfortunately, Glotzbach did not hold this same cautiously optimistic sentiment for next year.

Thanks to a pretty much continuous economic nose dive the endowment continues to shrink, leaving next years budget with a 5-8 million dollar “problem.” Don’t go getting your fruit-of-the-looms into a bunch yet, while it may seem like a lot of Keystones that deficit only represents about 4-6% of our actual budget. This “problem,” as Glotzbach fastidiously referred to it, means that while staff should not expect any negative changes in their insurance policies, it appears that yearly bonuses and salary raises, among other things, will shrink.

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