Visitors, University departments chip in
$6 million fund to bridge gaps
By Anne Bromley
creativity and efficiency, U.Va. administrators have rounded up
$6 million to retain faculty and support graduate students, President
John T. Casteen III told Faculty Senate members at their annual
fall retreat Sept. 13.
addition to the Board of
Visitors commitment of $4 million from the unrestricted
endowment, several self-supporting units of the University will
chip in to address academic needs in these tough financial times.
said Executive Vice
President and Chief Operating Officer Leonard W. Sandridge
took up a collection from auxiliary services. The
housing division, the University Bookstore, the athletics and
intramural recreation departments, Parking
& Transportation and Student
Health came up with a combined $1 million to soften the effects
of the states budget reductions. In addition, the University
Real Estate Foundation is chipping in a $1 million surplus from
Faculty Senate passed the following resolution at its retreat
University of Virginia Faculty Senate joins its colleagues
in the Faculty Senate of Virginia, representing all the
institutions of higher learning in the Commonwealth, to
urge passage of the higher education bond issue in the November
election. This measure is a crucial step in helping to fund
the pressing needs faced by all Virginia colleges and universities.
These institutions face integrating an additional 32,000
students over the next eight years, in facilities that in
many cases are already inadequate to meet needs. The bond
issue will provide desperately needed funds for renovation
and expansion. We urge all faculty to take an active role
in promoting a positive vote on this measure.
$6 million will go to core programs, Casteen said
to protect undergraduate teaching, course offerings and sections,
to aid in retaining faculty and to provide ways to start new programs
that are essential to U.Va.s mission. The president said
he would like to be able to reward extraordinary faculty efforts,
as had been done before with a donation from late David A. Harrison
III, for example. I would like to go back to that model,
Arts & Sciences will be the funds main beneficiary
because that it is the most dependent on state funds for operations,
are all grateful for the dedication and ingenuity of our administration,
both in anticipating this round of state cuts and in doing as
much as possible
to soften their damage, Faculty Senate chair Michael J.
Smith said after the meeting.
reaction was tempered, however, because of the uncertain
cuts to come, he said. Its hard at this point to breathe
a sigh of relief about the found money, even at the
significant level the president announced.
will fall behind its peers in faculty resources and in other areas
if something isnt done, Casteen said. The $6 million will
help offset what is happening and mitigate somewhat whatever may
happen, he addesd.
would take probably another 10 years of raising money
our recent pace] to reach the point where we could build with
internal resources the kind of protection year after year against
what the state does to balance its books, said Casteen,
explaining what it would take for the University to wean itself
from the states dwindling contribution to its budget.
progress we have made toward [getting] other funding is at something
like the beginning. Its nothing like the end.
& Sciences Dean Edward L. Ayers, speaking to the senate in
the afternoon, noted that virtually all of the Arts & Sciences
shortfall could be made up if U.Va. tuition were set at the level
of the University of Michigans.
understand that if state dollars are not forthcoming, tuition
fees will have to be more sensitive to our market
of public university competitors, added Smith. U.Va.s
low rates operate in effect as a subsidy for upper-middle-class
families in Virginia, who could afford to pay higher tuition rates.
advised the faculty leaders on how to exercise leadership in this
period of economic recession, saying they should follow the same
principles the administration does: to sustain educational quality
and to allow minimal damage or none at all.
will take the state six months to a year to know how bad the budget
picture really is and what itll take to recover, Casteen
estimated, and perhaps another two or three years to make that
state recently recalculated its budget forecast and found that
the budget shortfall probably will plunge to $1.5 billion for
the 2002-04 biennium. Gov. Warner asked all agencies to
submit budget-cutting plans of 7 percent, 11 percent and 15 percent
by Sept. 20. University officials expect to learn what cuts will
be chosen in mid- to late October.