Funding and Budget
URMC comprises the largest portion of the University of Rochester's annual budget. For the 2004-2005 fiscal year, URMC's patient care and hospital resources accounted for 59% of the total university budget at $910 million. URMC also makes up a large portion of the university's $232 million research budget.
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Famous quotes containing the word budget:
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)