Johns Hopkins University expects $475M in losses, pauses capital projects

Johns Hopkins University was in a strong financial position before the pandemic. Now, it is projecting a revenue loss of $100 million in the current fiscal year and trimming costs that could affect its plans for a new building in D.C.

Halfway through fiscal 2020, the Baltimore school was projecting a positive margin of $72 million on an overall budget of $6.5 billion. But accounting for the collective losses seen through just the final four months of fiscal 2020, the school is now projecting a massive…

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