Brown University posts $50.4M deficit as expenses outpace revenue

PROVIDENCE – Brown University reported a $50.4 million operating deficit for the fiscal year that ended June 30, as expense growth outpaced revenue gains, according to audited financial statements released this month. The deficit marked a sharp reversal from a $2.6 million operating surplus recorded a year earlier. Operating expenses rose 4.3% to $1.54 billion, […]