Northeastern is projected to end the fiscal year with a budget surplus despite shutting down its campus due to the COVID-19 pandemic in March, according to a financial disclosure within a bond offering prospectus. Though the university paid out millions of dollars in housing refunds, it lowered operating costs while campus was closed and is projected to finish the year with a net improvement from its planned budget, according to the statement.
“The university budgets very conservatively and always delivers results in excess of budget,” university spokesperson Shannon Nargi wrote in an email to The News.
Charlie Wolfson 