The Inside Higher Ed/Hanover Research Survey reveals college and university chief business officers face significant concerns regarding federal policy uncertainty, impacting financial sustainability. A majority of CBOs report their institutions' financial health as either good or excellent, but confidence about future financial conditions has declined. Only 43 percent expect a better financial position next year, with many citing worries over the funding environment, nonlabor operating costs, and rising labor costs. This anxiety reflects the current challenges in higher education financial management amidst a changing policy landscape.
"Chief business officers like certainty, whether it's certainty about revenue streams or potential costs. And right now they just are not getting it and that leads to anxiety."
"Amid the uncertainty, about three in five CBOs (58 percent) rate their institution's financial health as good or excellent, with differences by institution type."
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