Executive Vice President and Chief Operating Officer Leonard Sandridge |
A Message from Executive Vice President Sandridge
September 11, 2009
To members of the University community:
On Tuesday, Governor Kaine announced additional statewide budget reductions totaling $1.3 billion. The tax funds appropriated for all four-year colleges and universities were reduced by 15 percent. This translates to a $19 million reduction for U.Va. in 2009-2010 in addition to the $32 million already cut over the past three years.
The Governor plans to use ARRA stimulus funds he had reserved for fiscal year 2010-2011 to partially offset the reduction in the current year, bringing the current reduction to $10.3 million, or 8 percent.
Yesterday, I wrote to our vice presidents and deans reminding them that the University had included a $1.8 million reserve in the budget for this year in anticipation of additional budget cuts. We will apply the $1.8 million to further reduce the new budget cuts that must be passed on to schools and operating units.
When tuition is added to the General Fund in the Academic Division budget, the overall reduction in the current year will be less than 3 percent.
In order to meet the required state budget reduction, schools and libraries will be asked to reduce state expenditures by 2.5 percent on average in the current fiscal year. Administrative units will be asked to reduce state expenditure budgets by 3 percent on average.
News, Events, and Vision:
- UVa Today: Rural Health Care Research Center Receives Federal Stimulus Funding 9/29/09
- UVa Today: U.Va. Nets $38.7 Million in Stimulus Funding for Research – So Far 9/25/09
- EXEC VP & COO Leonard Sandridge on Latest State Budget Cuts on University 09/11/09
- U.Va. Anticipated, Planned for State Budget Cut 09/10/09
Colette Sheehy on the Latest Round of Budget Cuts
Colette Sheehy, vice president for management and budget, explains the impact on U.Va. of the budget cuts announced Sept. 8 by Gov. Timothy M. Kaine