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.
Enjoy what you’re reading?
Signup for our newsletter
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
Streaming the Miami GP in the UK
Sky Sports and Now TV
Mercedes star Kimi Antonelli will be looking to make it a hat-trick of wins as the Formula One season resumes on Sunday with the Miami Grand Prix.
Antonelli is nine points ahead of his second-placed teammate George Russell, following back-to-back wins at the Chinese and Japanese GPs.
Sunday’s race marks the fifth Miami GP after being added to the F1 calendar back in 2022, and comes at a crucial time for the sport. Last month’s scheduled Bahrain and Saudi Arabian Grands Prix were canceled due to the war in Iran.
The Miami Grand Prix takes place at the Hard Rock Stadium complex in Miami Gardens, Florida, on Sunday, May 3, at 4 p.m. ET. That makes it a 1 p.m. PT start, while for viewers in the UK it’s 9 p.m. BST. Meanwhile, Australian F1 fans are looking at a 6 a.m. AEST start on Monday morning.
Mercedes driver Kimi Antonelli is the youngest ever driver to lead the F1 Drivers’ Championship at the age of 19.
Livestream the Miami Grand Prix in the US
F1 racing has a new home on Apple TV, with the 2026 season launching its five-year broadcast run for US viewers. There are ways to stream the events with a paid subscription or for free.
It’s worth noting that if you’ve recently bought a new Apple device and haven’t previously subscribed to the streaming platform, you can take advantage of a three-month free trial within 90 days of purchase.
If you’re not lucky enough to have bought a new Apple gadget during that time frame, there are two other free options for those new to Apple TV. The platform also offers a seven-day free trial to new subscribers through its dedicated app and the Apple TV channel on Prime Video. Finally, Apple’s subscription bundle, Apple One, will also get you a 30-day free trial of its TV streaming service.
Apple TV Plus currently costs $13 per month in the US for the standalone, ad-free streaming service. It’s also available as part of the Apple One bundle, which starts at $20 per month and includes Apple Music, Apple Arcade and iCloud Plus.
How to livestream the Miami Grand Prix in the UK
The Miami GP is available in the UK on Sky Sports. Sky Sports will include the practice rounds and qualifying. If you already have Sky Sports as part of your TV package, you can stream the race via its app. Cord-cutters can watch Sky TV with unlimited Sky Sports on a Now TV membership.
Sky subsidiary Now offers streaming access to Sky Sports channels with a Now Sports membership.
You can get a day of access for £15, or sign up to a monthly plan from £35 a month right now.
Livestream the Miami Grand Prix in Canada
F1 fans can watch the Miami GP on TSN and its streaming service, TSN Plus. Existing TSN cable subscribers can also watch at no extra charge using their TV provider’s account login details.
TSN Plus is a streaming service that costs CA$8 a month and also offers coverage of PGA Tour Live golf, NFL games, F1, NASCAR and the four Grand Slam tennis tournaments.
Livestream the Miami Grand Prix in Australia
The Miami Grand Prix can be watched Down Under on Fox Sports via Foxtel. If you’re not a Fox subscriber, your best option is to sign up for the streaming service Kayo Sports.
A Kayo Sports subscription starts at AU$25 a month and lets you stream on one screen, while its Premium tier costs AU$35 a month for simultaneous viewing on up to three devices.
The service gives you access to a wide range of sports, including F1, NRL, NFL, NHL and MLB, and there are no lock-in contracts.
Better still, if you’re a new customer, you can take advantage of a one-week Kayo Sports free trial.
Formula One 2026 full schedule
You can visit the Formula One website for additional details on the schedule, but here’s a current snapshot of when each main race takes place this season. Practice rounds are excluded.
F1 race day schedule
Date
Grand Prix
Start time (ET)
May 3
Miami Grand Prix
4 p.m.
May 24
Canadian Grand Prix
4 p.m.
June 7
Monaco Grand Prix
9 a.m.
June 14
Barcelona-Catalunya Grand Prix
9 a.m.
June 28
Austrian Grand Prix
9 a.m.
July 5
British Grand Prix
10 a.m.
July 19
Belgian Grand Prix
9 a.m.
July 26
Hungarian Grand Prix
9 a.m.
Aug. 23
Dutch Grand Prix
9 a.m.
Sept. 6
Italian Grand Prix
9 a.m.
Sept. 13
Spanish Grand Prix
9 a.m.
Sept. 26
Azerbaijan Grand Prix
7 a.m.
Oct. 11
Singapore Grand Prix
8 a.m.
Oct. 25
United States Grand Prix
4 p.m.
Nov. 1
Mexican Grand Prix
3 p.m.
Nov. 8
Brazilian Grand Prix
12 p.m.
Nov. 21
Las Vegas Grand Prix
11 p.m.
Nov. 29
Qatar Grand Prix
11 a.m.
Dec. 6
Abu Dhabi Grand Prix
8 a.m.
Formula 1 is back after an unexpected one-month hiatus because of the war in the Middle East, and somehow the series has reconvened in Miami, right where we were and not where we were, if that makes sense.
It may not, but I’ll explain.
Through the first three races, there were two clear-cut top teams: Mercedes and Ferrari. Mercedes’ driver Kimi Antonelli had also won two straight Grand Prix coming into Miami, and is the current championship leader.
ZERO BS. JUST DAKICH. TAKE THE DON’T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!
Mercedes’ Kimi Antonelli comes into the Miami Grand Prix as the championship leader. (Sam Navarro-Imagn Images)
However, teams brought a considerable number of upgrades — plus the FIA and F1 have tuned the regulations a little after some team feedback — and suddenly, we’ve got more teams battling toward the front.
CADILLAC UNVEILS ONE-OFF STARS-AND-STRIPES LIVERY AHEAD OF THE TEAM’S FIRST-EVER RACE ON U.S. SOIL
This was noticeable in Saturday morning’s Sprint, which featured a McLaren 1-2, led by reigning world champion Lando Norris.
But the bigger shakeup came in qualifying.
While the Silver Arrows’ 19-year-old superstar took pole by around a tenth and a half, what was surprising was that he was battling Red Bull’s Max Verstappen.
Red Bull had massive struggles through the first three rounds of the season and, even to Verstappen’s surprise during his post-session interview, was battling for pole.
Even wilder, there are four different teams represented on the first two rows of the grid: Mercedes with Antonelli on pole, Red Bull with Verstappen in P2, Ferrari with Charles Leclerc in P3 and McLaren with Norris in P4.
Mercedes’ Kimi Antonelli (centre) with Red Bull’s Max Verstappen (left) and Ferrari’s Charles Leclerc after Miami Grand Prix qualifying. (Sam Navarro-Imagn Images)
Now, all eyes are going to be on the start of what is expected to be a wet race.
Starts have been the Achilles’ heel for Mercedes, and especially Antonelli this season, something that was seen on Saturday morning during the Sprint.
OUTKICK IS NOW ON THE FOX APP: CLICK HERE TO DOWNLOAD
Fortunately for him, Verstappen’s starts haven’t been much better, but unfortunately, starting right behind Antonelli is Charles Leclerc’s Ferrari, and the Scuderia’s cars have been absolute missiles off the line all season long (really since preseason testing).
So even with the short run into Turn 1 at the Miami International Autodrome, which is just under 200 meters, I think we’re going to see Leclerc jump at least one, maybe both, of the cars on the front row.
Mercedes driver Kimi Antonelli celebrates taking pole for the Formula 1 Miami Grand Prix. (Sam Navarro-Imagn Images)
Maybe the wet weather can reduce that Ferrari advantage when the lights go out, but even if it does, Antonelli has Verstappen — a wet-weather fiend — alongside him.
Antonelli’s best chance of his third-straight Grand Prix will be best if he can get off the line cleanly and keep the lead out of Turn 1, but no matter what, this is shaping up to be the biggest challenge of his championship campaign so far.
Lando Norris will start the 2026 F1 Miami Grand Prix Sprint from pole position.
A dominant effort in SQ3 landed the reigning world champion his first pole of the season, beating Kimi Antonelli to P1, with the world championship leader starting on the front-row.
Oscar Piastri and Charles Leclerc slot in behind, with the third row being Max Verstappen and George Russell, with Lewis Hamilton seventh.
Elsewhere, Aston Martin was required to request permission to race in the Sprint after both cars failed to set a time in SQ1.
Alex Albon ended the session in 14th, but was demoted five spots in strange circumstances after the session.
The FIA found he had breached track limits during SQ1 – but the infringement was missed in real time, meaning he advanced into SQ2. By the time the stewards were notified, he had already taken to the track for the second segment.
Check out the full grid for the 2026 F1 Miami Grand Prix Sprint below!
NOTE: Grid remains provisional until officially confirmed by the FIA.
-
Detroit, MI23 minutes agoDetroit school district to showcase student stars at Fox Theatre
-
San Francisco, CA35 minutes agoAudit says San Francisco Zoo spent $12M without required approval
-
Dallas, TX41 minutes agoFC Dallas vs New York Red Bulls: Highlights and stats
-
Miami, FL47 minutes agoF1: How to Watch the 2026 Miami Grand Prix
-
Boston, MA53 minutes agoWorkers at the ICA in Boston opt to unionize – The Boston Globe
-
Denver, CO59 minutes agoHunter Lawrence wins Denver Supercross, heads to finale one point behind Ken Roczen
-
Seattle, WA1 hour agoSeattle Mariners’ Raleigh day-to-day with ‘general soreness’
-
San Diego, CA1 hour agoSan Diego Padres vs. Los Angeles Dodgers (June 26-28)