Miami, FL
Budget symposium 2024: Miami looks to diversify as tuition revenue falls
After a $36 million budget deficit from last fiscal year, Miami University’s annual budget symposium brought news of a lower, but still existent, deficit.
“While Miami University’s overall financial performance last year was good, education and general spending exceeded its revenue by $10.3 million, and required a reduction in the reserves overseen by the Provost,” one of the presentation’s slides read.
The symposium, which took place on April 22, was led by university Provost Liz Mullenix and David Creamer, senior vice president for finance and business services and university treasurer. During the symposium, Mullenix and Creamer attributed the problem to a decline in tuition revenue.
In one graphic, Miami was compared to 100 other top doctoral-awarding institutions. Creamer said that among all the other institutions, Miami relied most heavily on tuition revenue for its funding.
“We’ve been up and down with state support,” Creamer said. “It’s why we’ve been so dependent upon tuition.”
In another chart, Creamer showed that as tuition increased yearly, the university should have earned an estimated $379 million in tuition revenue. However, when accounting for students’ financial aid and scholarships, the total comes to around $216 million.
“Tuition is rising, but we’re not capturing any of that,” Creamer said.
He added that financial aid and scholarships are necessary to continue attracting students considering they get into their primary picks for universities more often.
The university is trying to diversify its funds but is struggling to change amid the declining tuition. Creamer estimated that $14 million would be taken from the reserves to help the university. Mullenix reassured the crowd.
“We’re in a good position because we’ve planned for a rainy day,” she said.
Part of the reason Miami had a lower budget deficit for fiscal year 2024 was that vacant positions at the university lowered spending on salary and expenses. Creamer said this would not be a sustainable solution.
Part of the diversification of funds includes investing in new projects in hopes of seeing returns. In 2017-2018, income from investments only made up 1% of the budget, but they’re starting to pay off, making up 6% of the 2023-2024 budget. Creamer announced at the symposium that Miami had just committed to a new project, renovating Bachelor Hall, which would cost another $27 million.
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One symposium attendee questioned why the university was making high-risk investments if the university was trying to avoid using reserves.
“If you look at what historically plays out, with what we have accumulated already, it’s a far better strategy for the university,” Creamer said.
As Miami saw its budget deficit at $36 million last year, Mullenix identified 18 majors as low-enrolled and required them to adjust. One faculty question at the symposium expressed concern about how these changes would impact the budget.
“The subtext here is that we are creating an experience to attract a certain type of student, or students and their parents, but I wonder what kind of faculty we’re going to be attracting with this model,” the professor said. “It seems to me that the university’s investing a lot in growing areas of the university for the faculty that are more expensive.”
“Where there is a higher salary, that’s what a business surcharge is for. So yes, faculty in business do have higher salaries typically, but we have a fee,” Mullenix responded. “So there is a front to help sort of offset the costs of those salaries.”
Creamer added that an increased number of students are coming to Miami with credit hours already completed. Most of those hours typically work toward fulfilling classes from some of those 18 low-enrolled programs.
macylj@miamioh.edu
Miami, FL
Miami Heat-Minnesota Timberwolves Final Injury Update: Anthony Edwards’ status divulged
The Minnesota Timberwolves announced that guard Anthony Edwards is now available to play in Tuesday night’s game against the Miami Heat after originally being listed as questionable with right foot injury maintenance.
Here’s the rest of the injury report and game preview:
INJURY REPORT
HEAT
Tyler Herro: Available – Toe
Jaime Jaquez Jr.: Out – Ankle
Nikola Jovic: Available – Groin
Terry Rozier: Out – Not with team
TIMBERWOLVES
Anthony Edwards: Available – Foot
Terrence Shannon Jr.: Out – Foot
Joan Beringer: Out – G League
Game date, time and location: Tuesday, Jan. 6, 8:00 p.m. EST, Target Center, Minneapolis, Minnesota
TV: TV: Peacock,
Radio: 104.3 FM (Miami/Ft. Lauderdale), ESPN 106.3 FM, (West Palm Beach), FOX Sports Radio 105.9 FM (Ft. Myers/Naples), 1450 AM (Suart), 97.7 FM (Florida Keys), WAQI 710 AM (Spanish-language broadcast, South Florida) 100.3 FM (Minnesota)
VITALS: The Miami Heat (20-16) and Minnesota Timberwolves (23-13) meet for the second and final regular season matchup after just facing off three days ago with Minnesota recording a, 125-115, win in Miami on January 3. The teams split the series, 1-1, last season with each squad winning on the road. The Heat are 36-35 all-time versus Minnesota during the regular season,
including 19-16 in home games and 17-19 in road games.
PROJECTED STARTERS
HEAT
G Davion Mitchell
G Tyler Herro
C Bam Adebayo
F Norman Powell
F Andrew Wiggins
TIMBERWOLVES
G Donte DiVincenzo
G Anthony Edwards
C Rudy Gobert
F Jaden McDaniels
F Julius Randle
Spread: Heat +5.5 (-112), Timberwolves -5.5 (-108)
Moneyline: Heat +166, Timberwolves -198
Total points scored: 239.5 (over -106, under -114)
QUOTABLE
Heat head coach Erik Spoelstra on the forced turnovers: “That is and has to be our identity. We have to play with a recklessness and activity level that exceeds our opponent, and thats not to put down our talent level or anything like that, it’s more about we look different when we’re flying around and making plays and making it tough for the opponent.”
For more Miami Heat information and conversation, check out Off The Floor.
Alexander Toledo is a contributor to Miami Heat On SI and producer/co-host of the Five on the Floor podcast, covering the Heat and NBA. He can be reached at Twitter: @tropicalblanket
Miami, FL
Man shot during $22,000 gold chain robbery at Supreme store in Miami’s Design District; Atlanta suspects arrested
Three men were arrested Saturday after a robbery inside a Miami clothing store left a man shot and hospitalized, according to Miami police and arrest affidavits.
The incident happened Friday afternoon in Miami’s popular Design District neighborhood.
Police said officers were dispatched around 4:20 p.m. Friday to the area of Miami Avenue and Northeast 41st Street after receiving reports of a man who had been shot. Officers found the victim, who told them he had been robbed and shot while shopping inside a Supreme store located at 45 NE 41st Street.
According to investigators, the victim said he was approached by three suspects inside the store, including one person with whom he had a prior conflict originating from the Atlanta area. Police said an argument broke out, and one suspect forcibly removed a gold chain from the victim’s neck. The chain was valued at approximately $22,000, according to police.
As the suspect ran out of the store, the victim attempted to chase him, police said. During the pursuit, an unidentified male shot the victim once in the stomach. The suspects then fled the area in a white Mercedes-Benz, according to the arrest affidavits.
Miami Police detectives later located the suspect vehicle parked near Northeast 10th Avenue and Northeast 91st Terrace. Police said they conducted surveillance and observed the suspects abandon the vehicle and walk through a nearby residential area before entering a home in the 800 block of Northeast 90th Street.
A residential search warrant was executed, resulting in the arrest of three suspects. During the search, detectives recovered the victim’s gold chain, keys to the suspect vehicle, and clothing believed to have been worn during the robbery, police said.
The suspects were identified as Jamar McKay, 25, Omarion Phillips, 20, and Kevieon Smith, 21. McKay was charged with armed robbery with a firearm or deadly weapon. Phillips and Smith were charged as accessories after the fact, with Smith also facing an additional firearms-related charge, according to court records.
“This arrest sends a clear message: violent crime will not be tolerated in the City of Miami,” Miami Police Chief Manuel Morales said in a statement. “Individuals who commit acts of violence in our city will be identified, located, and held fully accountable.”
Miami, FL
Miami Hurricanes arrive in Phoenix to continue Fiesta Bowl preparations
Miami Hurricanes arrive in Phoenix
Miami Hurricanes arrive in Phoenix on Jan. 5, 2026, ahead of their matchup with the Ole Miss Rebels at the 2026 Vrbo Fiesta Bowl.
The Miami Hurricanes are looking to buck a bad trend. They’re 0-4 in the Fiesta Bowl.
Coach Mario Cristobal’s team gets its fifth shot this week as Miami (12-2) squares off against Mississippi (13-1) in the Fiesta Bowl at 5:30 p.m. on Jan. 8 at State Farm Stadium. The school may be 0-4 historically, but there is plenty at stake. This Fiesta Bowl is serving as a College Football Playoff semifinal.
The Hurricanes, the No. 10 seed in the 12-team playoff field, arrived at 5 p.m. Monday, Jan. 5, at the Ragsdale Executive Terminal of Sky Harbor Airport. The opposing team is expected 24 hours later.
The gathered crowd of 100 or so was made of members of the Fiesta Bowl Committee, easily identifiable in their yellow jackets, and their families.
In the past, there had been a welcome event in a tent adjacent to the runway. The coach typically made an opening statement, but players and coaches walked off the plane and straight to their buses parked nearby.
Players, dressed in white sweatsuits, filed off their American Airlines flight in single file on a blue carpet.
The players will take part in a media day on Jan. 6 at a Scottsdale hotel, with the coaches talking to the media the following day, the eve of the contest.
The Hurricanes enter on the heels of a six-game winning streak. Their last loss came on Nov. 1 against SMU, a game decided in double overtime 26-20. They have surrendered just 17 points in their two postseason games.
The winner advances to the national championship game on Jan. 19 against the winner of the other semifinal, the Peach Bowl between Oregon and Indiana.
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