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What to do when extraordinary circumstances present themselves? Chapter 13 of NACUBO's College and University Budgeting, 5th Edition by Larry Goldstein and supported by Synario, discusses the difficult decisions that arise when an institution faces severe economic challenges—whether driven by broad-based economic catastrophes, natural disasters, or simply poor management—and offers both short- and long-term responses to difficult financial times.

This complimentary chapter "Responding to Extraordinary Circumstances" also suggests planning approaches that can help the institution avoid retrenchment—or address it if it becomes necessary.

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