Scalia Law School Faces $38 Millions in Losses

Paul Caron writes on the TaxProf Blog:

George Mason University’s Antonin Scalia Law School will have incurred more than $38 million in losses over five years by the end of its 2025 fiscal year, according to budget projections shared with the wider university’s board of visitors at a meeting Thursday.

Here’s the breakdown:

The annual losses the school has posted have increased nearly every year, from $3.8 million in 2020, to $3.3 million, $4.3 million, $5.8 million and $7.8 million in the years following. In its 2025 fiscal year, the law school is projected to lose $13.2 million.

I don’t know anything about the school financial situation, but I am not surprised either.